Travis Perkins (LON:TPK) Price Target Raised to GBX 1,750 at Liberum Capital

Travis Perkins (LON:TPK) had its price objective increased by stock analysts at Liberum Capital from GBX 1,600 ($20.91) to GBX 1,750 ($22.87) in a research report issued on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “buy” rating on the stock. Liberum Capital’s price target suggests a potential upside of 13.75% from the company’s current price.

Other research analysts have also recently issued reports about the company. Deutsche Bank started coverage on Travis Perkins in a research report on Thursday, November 21st. They issued a “hold” rating and a GBX 1,550 ($20.25) target price for the company. Canaccord Genuity lowered shares of Travis Perkins to a “hold” rating and set a GBX 1,480 ($19.34) price target on the stock. in a report on Thursday, October 17th. Barclays restated an “equal weight” rating on shares of Travis Perkins in a research note on Wednesday, November 13th. Peel Hunt restated a “hold” rating on shares of Travis Perkins in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Travis Perkins from GBX 1,356 ($17.72) to GBX 1,400 ($18.29) and gave the stock a “neutral” rating in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 1,482.18 ($19.37).

TPK opened at GBX 1,538.50 ($20.10) on Friday. The stock has a market cap of $3.86 billion and a PE ratio of 52.33. 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 1 year low of GBX 1,012 ($13.22) and a 1 year high of GBX 1,618.50 ($21.15). The stock’s 50 day simple moving average is GBX 1,490.50 and its 200-day simple moving average is GBX 1,339.86.

In other news, insider Marianne Culver bought 58 shares of Travis Perkins stock in a transaction dated Monday, December 2nd. The shares were bought at an average price of GBX 1,541 ($20.14) per share, for a total transaction of £893.78 ($1,167.88). Also, insider John Rogers bought 44 shares of Travis Perkins stock in a transaction dated Tuesday, October 1st. The stock was purchased at an average price of GBX 1,309 ($17.10) per share, for a total transaction of £575.96 ($752.59). Insiders acquired 158 shares of company stock worth $227,614 over the last quarter.

Travis Perkins Company Profile

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.

Further Reading: Dead Cat Bounce

Analyst Recommendations for Travis Perkins (LON:TPK)

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