J P Morgan Chase & Co downgraded shares of Travis Perkins (LON:TPK) to a neutral rating in a report published on Thursday. The firm currently has GBX 1,700 ($22.88) price objective on the stock.

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).

In related news, insider Alan Williams sold 11,578 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of GBX 1,534 ($20.65), for a total value of £177,606.52 ($239,039.73). Also, insider Frank Elkins sold 2,282 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of GBX 1,455 ($19.58), for a total transaction of £33,203.10 ($44,687.89). In the last quarter, insiders purchased 467 shares of company stock valued at $684,313.

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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.

Analyst Recommendations for Travis Perkins (LON:TPK)

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