Travis Perkins (TPK) Raised to Outperform at Royal Bank of Canada

Posted by Joseph Griffin on Feb 12th, 2019 // No Comments

Royal Bank of Canada upgraded shares of Travis Perkins (LON:TPK) to an outperform rating in a research note issued to investors on Friday morning. They currently have GBX 1,550 ($20.25) target price on the stock, up from their prior target price of GBX 1,180 ($15.42).

Other equities analysts have also issued research reports about the stock. Liberum Capital reissued a buy rating on shares of Travis Perkins in a research report on Tuesday, October 23rd. Barclays reissued an equal weight rating on shares of Travis Perkins in a research report on Monday, December 10th. Shore Capital reissued a hold rating on shares of Travis Perkins in a research report on Tuesday, December 4th. Peel Hunt reissued a hold rating on shares of Travis Perkins in a research report on Tuesday, December 4th. Finally, Canaccord Genuity reissued a hold rating and issued a GBX 1,300 ($16.99) price target on shares of Travis Perkins in a research report on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and an average price target of GBX 1,325.25 ($17.32).

LON TPK opened at GBX 1,264 ($16.52) on Friday. 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 Christopher Rogers bought 75 shares of the company’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were acquired at an average price of GBX 1,055 ($13.79) per share, with a total value of £791.25 ($1,033.91). Also, insider Pete Redfern bought 65 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were bought at an average cost of GBX 1,235 ($16.14) per share, for a total transaction of £802.75 ($1,048.94). In the last three months, insiders bought 221 shares of company stock worth $248,500.

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.

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.