Travis Perkins (TPK) Stock Rating Reaffirmed by Barclays

Barclays reaffirmed their equal weight rating on shares of Travis Perkins (LON:TPK) in a research note published on Tuesday, October 30th. The brokerage currently has a GBX 1,150 ($15.03) price target on the stock, down from their prior price target of GBX 1,200 ($15.68).

Several other analysts have also issued reports on TPK. Shore Capital reiterated a hold rating on shares of Travis Perkins in a report on Tuesday, July 31st. Deutsche Bank reiterated a buy rating and set a GBX 1,645 ($21.49) target price on shares of Travis Perkins in a report on Thursday, July 12th. JPMorgan Chase & Co. reiterated a neutral rating on shares of Travis Perkins in a report on Tuesday, July 17th. Canaccord Genuity dropped their target price on Travis Perkins from GBX 1,420 ($18.55) to GBX 1,300 ($16.99) and set a hold rating on the stock in a report on Wednesday, August 1st. Finally, UBS Group dropped their price objective on Travis Perkins from GBX 1,515 ($19.80) to GBX 1,240 ($16.20) and set a neutral rating on the stock in a research note on Thursday, August 23rd. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 1,336.08 ($17.46).

TPK traded up GBX 26.50 ($0.35) on Tuesday, hitting GBX 1,083.50 ($14.16). 964,034 shares of the company were exchanged, compared to its average volume of 1,660,000. 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 other news, insider Stuart J. Chambers purchased 319 shares of the company’s stock in a transaction dated Thursday, November 1st. The stock was bought at an average cost of GBX 1,066 ($13.93) per share, for a total transaction of £3,400.54 ($4,443.41). Also, insider Ruth Anderson purchased 81 shares of the company’s stock in a transaction dated Monday, September 3rd. The stock was purchased at an average price of GBX 1,140 ($14.90) per share, with a total value of £923.40 ($1,206.59). In the last ninety days, insiders acquired 484 shares of company stock worth $521,938.

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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Analyst Recommendations for Travis Perkins (LON:TPK)

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