Travis Perkins’ (TPK) Buy Rating Reiterated at Liberum Capital

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Liberum Capital reissued their buy rating on shares of Travis Perkins (LON:TPK) in a research note issued to investors on Tuesday.

TPK has been the topic of a number of other research reports. Barclays reissued an equal weight rating and issued a GBX 1,150 ($15.03) target price (down previously from GBX 1,200 ($15.68)) on shares of Travis Perkins in a research report on Tuesday, October 30th. Canaccord Genuity reissued a hold rating and issued a GBX 1,300 ($16.99) target price on shares of Travis Perkins in a research report on Tuesday, October 16th. Peel Hunt reissued a hold rating on shares of Travis Perkins in a research report on Tuesday, October 23rd. Shore Capital reissued a hold rating on shares of Travis Perkins in a research report on Tuesday, October 23rd. Finally, UBS Group cut their target price 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 report on Thursday, August 23rd. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 1,336.08 ($17.46).

Shares of LON TPK opened at GBX 1,083 ($14.15) on Tuesday. Travis Perkins has a 52-week low of GBX 1,233.50 ($16.12) and a 52-week high of GBX 1,709 ($22.33).

In related news, insider Stuart J. Chambers acquired 319 shares of the business’s stock in a transaction dated Thursday, November 1st. The shares were acquired at an average price of GBX 1,066 ($13.93) per share, with a total value of £3,400.54 ($4,443.41). Also, insider Coline McConville acquired 84 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were bought at an average cost of GBX 1,066 ($13.93) per share, for a total transaction of £895.44 ($1,170.05). Insiders have bought 484 shares of company stock worth $518,698 in the last ninety days.

About Travis Perkins

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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