Travis Perkins plc (TPK) Given New GBX 1,625 Price Target at Peel Hunt

Travis Perkins plc (LON:TPK) had its price target upped by Peel Hunt from GBX 1,530 ($19.49) to GBX 1,625 ($20.70) in a research note released on Monday. The brokerage currently has a hold rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Credit Suisse Group reissued an outperform rating and issued a GBX 1,925 ($24.53) price objective on shares of Travis Perkins plc in a research report on Wednesday, April 19th. Deutsche Bank AG reissued a buy rating and issued a GBX 1,665 ($21.21) price objective on shares of Travis Perkins plc in a research report on Thursday, April 6th. Shore Capital reissued a buy rating on shares of Travis Perkins plc in a research report on Thursday, April 27th. Barclays PLC reissued an underweight rating and issued a GBX 1,325 ($16.88) price objective on shares of Travis Perkins plc in a research report on Friday, April 28th. Finally, J P Morgan Chase & Co reissued an overweight rating and issued a GBX 1,625 ($20.70) price objective on shares of Travis Perkins plc in a research report on Friday, April 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 1,615.50 ($20.58).

Analyst Recommendations for Travis Perkins plc (LON:TPK)

Travis Perkins plc (LON TPK) traded down 1.69% during trading on Monday, reaching GBX 1511.00. 324,576 shares of the company were exchanged. Travis Perkins plc has a 1-year low of GBX 1,090.00 and a 1-year high of GBX 1,937.46. The company’s 50-day moving average price is GBX 1,619.06 and its 200-day moving average price is GBX 1,521.34. The stock’s market capitalization is GBX 3.78 billion.

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In related news, insider John P. Carter sold 29,935 shares of the business’s stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of GBX 1,518 ($19.34), for a total transaction of £454,413.30 ($578,944.20). Also, insider John P. Carter acquired 12,417 shares of Travis Perkins plc stock in a transaction that occurred on Wednesday, March 29th. The shares were purchased at an average price of GBX 1,518 ($19.34) per share, with a total value of £188,490.06 ($240,145.32). In the last quarter, insiders have purchased 12,656 shares of company stock valued at $19,235,558 and have sold 47,735 shares valued at $72,794,730.

About Travis Perkins plc

Travis Perkins plc is a United Kingdom-based product supplier to the building, construction and home improvement markets. The Company operates through segments, which include General Merchanting, Plumbing & Heating, Contracts and Consumer. The General Merchanting segment consists of the Travis Perkins and Benchmarx brands and supplies products for various types of repair, maintenance and improvement projects (RMI), as well as new residential and commercial construction.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:TPK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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