Travis Perkins (OTCMKTS:TPRKY) Downgraded by Peel Hunt to “Buy”

Peel Hunt cut shares of Travis Perkins (OTCMKTS:TPRKY) to a buy rating in a research report released on Monday, The Fly reports.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada restated an outperform rating on shares of Travis Perkins in a research report on Tuesday, June 1st. Stifel Nicolaus upgraded Travis Perkins from a hold rating to a buy rating in a research report on Thursday, May 6th. UBS Group reiterated a neutral rating on shares of Travis Perkins in a report on Friday, April 30th. Berenberg Bank reiterated a buy rating on shares of Travis Perkins in a report on Tuesday, May 11th. Finally, JPMorgan Chase & Co. reiterated a neutral rating on shares of Travis Perkins in a report on Monday, April 12th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of Buy.

OTCMKTS:TPRKY opened at $23.90 on Monday. Travis Perkins has a 52-week low of $20.36 and a 52-week high of $26.33. The company’s fifty day simple moving average is $23.21.

About Travis Perkins

Travis Perkins plc distributes building materials to the building, construction, and home improvement markets in the United Kingdom. It operates through four segments: Merchanting, Retail, Toolstation, and Plumbing & Heating. The Merchanting segment distributes interior building products, which include drywalls, ceilings, external envelopes, fire protection products, flooring and partitioning products, and tools and accessories to professionals within the construction industry; civil, drainage, and heavy building materials to specialist contractors and trade professionals; and pipeline and heating solutions.

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