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).
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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