Travis Perkins plc (LON:TPK)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 1,396 ($19.29) and last traded at GBX 1,402.50 ($19.38), with a volume of 485627 shares trading hands. The stock had previously closed at GBX 1,411 ($19.49).
Several brokerages have recently commented on TPK. Deutsche Bank restated a “buy” rating on shares of Travis Perkins in a research note on Monday, November 6th. JPMorgan Chase & Co. lowered Travis Perkins to a “neutral” rating and set a GBX 1,700 ($23.49) price target on the stock. in a research note on Thursday, December 14th. Peel Hunt restated a “hold” rating and set a GBX 1,610 ($22.24) price target on shares of Travis Perkins in a research note on Wednesday, December 6th. Liberum Capital raised their price target on Travis Perkins from GBX 1,650 ($22.80) to GBX 1,720 ($23.76) and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, Shore Capital restated a “hold” rating on shares of Travis Perkins in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of GBX 1,701.25 ($23.50).
The company has a market cap of $3,530.00 and a P/E ratio of 46,533.33.
In other Travis Perkins news, insider Alan Williams sold 11,578 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of GBX 1,534 ($21.19), for a total value of £177,606.52 ($245,380.66). Also, insider John Rogers purchased 43 shares of the stock in a transaction on Friday, December 1st. The stock was acquired at an average cost of GBX 1,583 ($21.87) per share, with a total value of £680.69 ($940.44). Insiders acquired 145 shares of company stock worth $222,191 in the last quarter.
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Travis Perkins 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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