Citigroup Inc. Reaffirms Buy Rating for Travis Perkins plc (TPK)
Travis Perkins plc (LON:TPK)‘s stock had its “buy” rating restated by Citigroup Inc. in a research note issued to investors on Friday.
Other research analysts also recently issued reports about the stock. Shore Capital reissued a “hold” rating on shares of Travis Perkins plc in a research report on Friday, August 11th. Numis Securities Ltd reissued a “hold” rating and set a GBX 1,545 ($20.31) price objective on shares of Travis Perkins plc in a research report on Thursday, August 3rd. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 1,700 ($22.35) price objective on shares of Travis Perkins plc in a research report on Thursday, July 20th. Jefferies Group LLC raised their price objective on shares of Travis Perkins plc from GBX 1,670 ($21.96) to GBX 1,890 ($24.85) and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 1,650 ($21.69) price objective on shares of Travis Perkins plc in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 1,682.85 ($22.13).
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In other news, insider Christopher Rogers bought 52 shares of Travis Perkins plc stock in a transaction dated Tuesday, August 1st. The stock was bought at an average price of GBX 1,518 ($19.96) per share, for a total transaction of £789.36 ($1,037.81). Also, insider Alan Williams bought 125 shares of Travis Perkins plc stock in a transaction dated Wednesday, October 4th. The stock was purchased at an average price of GBX 1,430 ($18.80) per share, with a total value of £1,787.50 ($2,350.12). Insiders bought a total of 471 shares of company stock valued at $686,848 in the last 90 days.
About Travis Perkins plc
Travis Perkins plc is a United Kingdom-based product supplier to the building, construction and home improvement markets. The Company operates through segments, which include General Merchanting, Plumbing & Heating, Contracts and Consumer. The General Merchanting segment consists of the Travis Perkins and Benchmarx brands and supplies products for various types of repair, maintenance and improvement projects (RMI), as well as new residential and commercial construction.
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