Travis Perkins’ (TPK) Buy Rating Reiterated at Deutsche Bank

Deutsche Bank reaffirmed their buy rating on shares of Travis Perkins (LON:TPK) in a report released on Monday morning. They currently have a GBX 1,760 ($24.72) price objective on the stock.

Several other analysts also recently weighed in on TPK. Peel Hunt restated a hold rating and set a GBX 1,610 ($22.61) price objective on shares of Travis Perkins in a research report on Tuesday, January 23rd. Liberum Capital restated a buy rating and set a GBX 1,650 ($23.17) price objective on shares of Travis Perkins in a research report on Monday, October 2nd. Jefferies Group reduced their price objective on shares of Travis Perkins from GBX 1,840 ($25.84) to GBX 1,800 ($25.28) and set a buy rating for the company in a research report on Friday, October 20th. Shore Capital restated a hold rating on shares of Travis Perkins in a research report on Thursday, October 19th. Finally, JPMorgan Chase & Co. restated an overweight rating and set a GBX 1,700 ($23.87) price objective on shares of Travis Perkins in a research report on Thursday, October 19th. 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 company’s stock. The stock presently has an average rating of Buy and an average target price of GBX 1,701.25 ($23.89).

Shares of Travis Perkins (TPK) opened at GBX 1,450 ($20.36) on Monday. The company has a market cap of $3,650.00 and a PE ratio of 48,333.33. Travis Perkins has a 1 year low of GBX 1,399 ($19.65) and a 1 year high of GBX 1,709 ($24.00).

In other Travis Perkins news, insider John Rogers purchased 43 shares of Travis Perkins stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average price of GBX 1,583 ($22.23) per share, for a total transaction of £680.69 ($955.89). Also, insider Christopher Rogers purchased 60 shares of Travis Perkins stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of GBX 1,462 ($20.53) per share, with a total value of £877.20 ($1,231.85). In the last quarter, insiders purchased 145 shares of company stock valued at $222,191.

ILLEGAL ACTIVITY WARNING: This story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/02/02/travis-perkins-tpk-buy-rating-reiterated-at-deutsche-bank.html.

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)

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

Leave a Reply