Liberum Capital Reaffirms “Buy” Rating for Travis Perkins plc (LON:TPK)

Liberum Capital reaffirmed their buy rating on shares of Travis Perkins plc (LON:TPK) in a report published on Tuesday, July 11th. The brokerage currently has a GBX 1,650 ($21.49) price objective on the stock.

A number of other analysts have also recently issued reports on TPK. UBS AG reaffirmed a buy rating and issued a GBX 1,725 ($22.46) price objective on shares of Travis Perkins plc in a research report on Tuesday, March 14th. Shore Capital reaffirmed a hold rating on shares of Travis Perkins plc in a research report on Tuesday, June 27th. Peel Hunt raised their price objective on Travis Perkins plc from GBX 1,530 ($19.92) to GBX 1,625 ($21.16) and gave the company a hold rating in a research report on Monday, June 19th. Deutsche Bank AG reiterated a buy rating and set a GBX 1,795 ($23.38) target price on shares of Travis Perkins plc in a research note on Tuesday, June 13th. Finally, Canaccord Genuity reiterated a hold rating and set a GBX 1,540 ($20.05) target price on shares of Travis Perkins plc in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of GBX 1,690.54 ($22.02).

Travis Perkins plc (TPK) traded down 0.33% during trading on Tuesday, hitting GBX 1523.00. 969,579 shares of the stock were exchanged. The company’s market cap is GBX 3.83 billion. The stock’s 50 day moving average is GBX 1,476.89 and its 200-day moving average is GBX 1,529.55. Travis Perkins plc has a one year low of GBX 1,301.00 and a one year high of GBX 1,714.00.

COPYRIGHT VIOLATION NOTICE: “Liberum Capital Reaffirms “Buy” Rating for Travis Perkins plc (LON:TPK)” was first posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.themarketsdaily.com/2017/08/08/liberum-capital-reaffirms-buy-rating-for-travis-perkins-plc-lontpk-updated-updated-updated.html.

In other news, insider John Rogers acquired 42 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were bought at an average price of GBX 1,641 ($21.37) per share, with a total value of £689.22 ($897.54). Also, insider Christopher Rogers acquired 55 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were purchased at an average cost of GBX 1,465 ($19.08) per share, for a total transaction of £805.75 ($1,049.29). In the last quarter, insiders bought 149 shares of company stock worth $228,433.

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.

Analyst Recommendations for Travis Perkins plc (LON:TPK)

Receive News & Ratings for Travis Perkins plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travis Perkins plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply