Travis Perkins (LON:TPK) had its price target increased by Liberum Capital from GBX 1,600 ($20.91) to GBX 1,750 ($22.87) in a report published on Friday, Stock Target Advisor reports. The firm currently has a buy rating on the stock.
TPK has been the subject of several other research reports. Berenberg Bank restated a hold rating on shares of Travis Perkins in a report on Monday, September 30th. Deutsche Bank initiated coverage on shares of Travis Perkins in a research report on Thursday, November 21st. They issued a hold rating and a GBX 1,550 ($20.25) target price on the stock. Jefferies Financial Group lifted their price target on shares of Travis Perkins from GBX 1,400 ($18.29) to GBX 1,549 ($20.24) and gave the stock a hold rating in a research note on Monday, December 2nd. UBS Group boosted their price target on shares of Travis Perkins from GBX 1,350 ($17.64) to GBX 1,380 ($18.03) and gave the company a neutral rating in a research report on Wednesday, September 18th. Finally, Barclays restated an equal weight rating on shares of Travis Perkins in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 1,482.18 ($19.37).
TPK stock opened at GBX 1,557 ($20.34) on Friday. The company has a current ratio of 1.34, a quick ratio of 0.60 and a debt-to-equity ratio of 74.78. Travis Perkins has a twelve month low of GBX 1,012 ($13.22) and a twelve month high of GBX 1,618.50 ($21.15). The company’s 50 day moving average is GBX 1,492.32 and its two-hundred day moving average is GBX 1,340.77. The stock has a market cap of $3.93 billion and a P/E ratio of 52.96.
In other Travis Perkins news, insider John Rogers bought 44 shares of the stock in a transaction dated Tuesday, October 1st. The shares were acquired at an average cost of GBX 1,309 ($17.10) per share, for a total transaction of £575.96 ($752.59). Also, insider Marianne Culver bought 58 shares of the stock in a transaction dated Monday, December 2nd. The shares were acquired at an average price of GBX 1,541 ($20.14) per share, for a total transaction of £893.78 ($1,167.88). In the last quarter, insiders acquired 158 shares of company stock valued at $227,614.
About Travis Perkins
Travis Perkins plc supplies building and home improvement products in the United Kingdom. The company's General Merchanting division supplies products for various types of repair, maintenance, and improvement projects, as well as new residential and commercial construction. This division serves sole traders and national housebuilders under the Travis Perkins and Benchmarx brands.
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