Travis Perkins plc (LON:TPK) PT Raised to GBX 1,837
Travis Perkins plc (LON:TPK) had its price target upped by Deutsche Bank AG from GBX 1,795 ($23.68) to GBX 1,837 ($24.23) in a research note issued to investors on Friday morning, Marketbeat.com reports. Deutsche Bank AG currently has a buy rating on the stock.
TPK has been the subject of a number of other reports. Barclays PLC reiterated an underweight rating and issued a GBX 1,325 ($17.48) price target on shares of Travis Perkins plc in a research note on Friday, April 28th. Peel Hunt increased their price target on Travis Perkins plc from GBX 1,530 ($20.18) to GBX 1,625 ($21.44) and gave the company a hold rating in a research note on Monday, June 19th. Credit Suisse Group reiterated an outperform rating and issued a GBX 1,925 ($25.39) price target on shares of Travis Perkins plc in a research note on Wednesday, April 19th. Liberum Capital reiterated a buy rating and issued a GBX 1,650 ($21.76) price target on shares of Travis Perkins plc in a research note on Thursday, April 27th. Finally, J P Morgan Chase & Co reiterated an overweight rating and issued a GBX 1,700 ($22.42) price target (up from GBX 1,625 ($21.44)) on shares of Travis Perkins plc in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Travis Perkins plc presently has an average rating of Hold and a consensus price target of GBX 1,653.71 ($21.81).
Shares of Travis Perkins plc (LON TPK) opened at 1528.00 on Friday. Travis Perkins plc has a 1-year low of GBX 1,301.00 and a 1-year high of GBX 1,714.00. The stock has a 50 day moving average price of GBX 1,481.67 and a 200 day moving average price of GBX 1,527.71. The firm’s market capitalization is GBX 3.82 billion.
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In other Travis Perkins plc news, insider John Rogers purchased 42 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was purchased at an average cost of GBX 1,641 ($21.65) per share, for a total transaction of £689.22 ($909.14). Also, insider Christopher Rogers purchased 55 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were acquired at an average price of GBX 1,465 ($19.32) per share, with a total value of £805.75 ($1,062.85). Over the last quarter, insiders have acquired 206 shares of company stock valued at $329,783.
Travis Perkins plc Company Profile
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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