Travis Perkins (TPK) Rating Lowered to Hold at Berenberg Bank

Travis Perkins (LON:TPK) was downgraded by Berenberg Bank to a “hold” rating in a research note issued on Tuesday. They presently have a GBX 1,550 ($21.41) price objective on the stock, down from their prior price objective of GBX 1,800 ($24.87). Berenberg Bank’s price objective would suggest a potential upside of 10.05% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Liberum Capital lifted their price target on Travis Perkins from GBX 1,650 ($22.80) to GBX 1,720 ($23.76) and gave the stock a “buy” rating in a report on Tuesday, January 16th. Deutsche Bank reduced their price target on Travis Perkins from GBX 1,837 ($25.38) to GBX 1,760 ($24.32) and set a “buy” rating on the stock in a report on Monday, November 20th. Peel Hunt reiterated a “hold” rating and set a GBX 1,610 ($22.24) price target on shares of Travis Perkins in a report on Wednesday, December 6th. Shore Capital reiterated a “hold” rating on shares of Travis Perkins in a report on Wednesday, October 25th. Finally, 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 report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Travis Perkins has an average rating of “Hold” and an average price target of GBX 1,680.42 ($23.22).

Travis Perkins (LON:TPK) opened at GBX 1,408.50 ($19.46) on Tuesday. Travis Perkins has a fifty-two week low of GBX 1,396 ($19.29) and a fifty-two week high of GBX 1,709 ($23.61). The company has a market capitalization of $3,550.00 and a price-to-earnings ratio of 46,950.00.

In other Travis Perkins news, insider Christopher Rogers acquired 60 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was purchased at an average cost of GBX 1,462 ($20.20) per share, with a total value of £877.20 ($1,211.94). Also, insider John Rogers acquired 42 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were acquired at an average cost of GBX 1,581 ($21.84) per share, with a total value of £664.02 ($917.41). Insiders have purchased a total of 145 shares of company stock valued at $222,191 over the last three months.

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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.

Analyst Recommendations for Travis Perkins (LON:TPK)

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