Travis Perkins (TPK) Stock Rating Reaffirmed by UBS Group

Travis Perkins (LON:TPK)‘s stock had its “neutral” rating reaffirmed by research analysts at UBS Group in a research report issued on Wednesday, investing.thisismoney.co.uk reports.

Other analysts have also issued research reports about the company. Liberum Capital reiterated a “buy” rating on shares of Travis Perkins in a report on Tuesday, October 23rd. Barclays reiterated an “equal weight” rating and set a GBX 1,150 ($15.03) price objective (down previously from GBX 1,200 ($15.68)) on shares of Travis Perkins in a report on Tuesday, October 30th. Berenberg Bank decreased their price objective on Travis Perkins from GBX 1,400 ($18.29) to GBX 1,200 ($15.68) and set a “hold” rating for the company in a report on Thursday, August 9th. Shore Capital reiterated a “hold” rating on shares of Travis Perkins in a report on Tuesday. Finally, Peel Hunt restated a “hold” rating on shares of Travis Perkins in a research note on Tuesday. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 1,336.08 ($17.46).

Shares of TPK opened at GBX 1,090 ($14.24) on Wednesday. Travis Perkins has a 12 month low of GBX 1,233.50 ($16.12) and a 12 month high of GBX 1,709 ($22.33).

In related news, insider Coline McConville purchased 81 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were bought at an average cost of GBX 1,100 ($14.37) per share, with a total value of £891 ($1,164.25). Also, insider Stuart J. Chambers purchased 319 shares of the business’s stock in a transaction on Thursday, November 1st. The shares were bought at an average cost of GBX 1,066 ($13.93) per share, for a total transaction of £3,400.54 ($4,443.41). Insiders purchased a total of 484 shares of company stock valued at $518,698 in the last 90 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.

Recommended Story: What is an Initial Public Offering (IPO)?

Analyst Recommendations for Travis Perkins (LON:TPK)

Receive News & Ratings for Travis Perkins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travis Perkins and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply