Travis Perkins (TPK) Downgraded by J P Morgan Chase & Co to Neutral
Several other equities research analysts have also recently weighed in on the stock. Deutsche Bank cut their price objective on shares of Travis Perkins from GBX 1,837 ($24.72) to GBX 1,760 ($23.69) and set a buy rating for the company in a research report on Monday, November 20th. Peel Hunt reaffirmed a hold rating and set a GBX 1,610 ($21.67) price objective on shares of Travis Perkins in a research report on Thursday, October 19th. Jefferies Group cut their price objective on shares of Travis Perkins from GBX 1,840 ($24.76) to GBX 1,800 ($24.23) and set a buy rating for the company in a research report on Friday, October 20th. Liberum Capital reaffirmed a buy rating and set a GBX 1,650 ($22.21) price objective on shares of Travis Perkins in a research report on Monday, October 2nd. Finally, Citigroup reaffirmed a buy rating on shares of Travis Perkins in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 1,695.42 ($22.82).
Travis Perkins (LON:TPK) traded down GBX 3 ($0.04) during mid-day trading on Thursday, hitting GBX 1,517 ($20.42). 1,353,171 shares of the company traded hands, compared to its average volume of 1,050,000. Travis Perkins has a fifty-two week low of GBX 1,398.36 ($18.82) and a fifty-two week high of GBX 1,709 ($23.00).
About Travis Perkins
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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