Travis Perkins plc (TPK) Receives Average Rating of “Hold” from Analysts

Shares of Travis Perkins plc (LON:TPK) have received a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is GBX 1,277.17 ($16.69).

A number of brokerages have recently weighed in on TPK. UBS Group reissued a “neutral” rating on shares of Travis Perkins in a research note on Wednesday. Shore Capital reissued a “hold” rating on shares of Travis Perkins in a research note on Tuesday. Peel Hunt reissued a “hold” rating on shares of Travis Perkins in a research note on Tuesday. Liberum Capital reissued a “buy” rating on shares of Travis Perkins in a research note on Tuesday. Finally, Barclays reissued an “equal weight” rating and set a GBX 1,150 ($15.03) price objective (down from GBX 1,200 ($15.68)) on shares of Travis Perkins in a research note on Tuesday, October 30th.

Shares of TPK traded down GBX 5 ($0.07) during mid-day trading on Monday, reaching GBX 1,083 ($14.15). 1,314,937 shares of the company’s stock were exchanged, compared to its average volume of 1,660,000. Travis Perkins has a 52-week low of GBX 1,233.50 ($16.12) and a 52-week high of GBX 1,709 ($22.33).

In other news, insider Stuart J. Chambers bought 319 shares of the stock in a transaction on Thursday, November 1st. The stock was purchased at an average cost of GBX 1,066 ($13.93) per share, with a total value of £3,400.54 ($4,443.41). Also, insider Coline McConville bought 81 shares of the stock in a transaction on Monday, December 3rd. The stock was purchased at an average cost of GBX 1,100 ($14.37) per share, with a total value of £891 ($1,164.25). Insiders acquired a total of 484 shares of company stock valued at $518,698 over the last ninety days.

Travis Perkins Company Profile

Travis Perkins plc operates as a builder's merchant and home improvement product retailer in the United Kingdom. The company's General Merchanting division supplies building materials for various types of repair, maintenance, and improvement projects, as well as new residential and commercial constructions.

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Analyst Recommendations for Travis Perkins (LON:TPK)

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