Todays Report: Today, Peel Hunt Reiterates Hold Rating for Travis Perkins plc (TPK)

Today, Peel Hunt Reiterates Hold Rating for Travis Perkins plc (TPK)

Travis Perkins plc (LON:TPK)‘s stock had its “hold” rating restated by investment analysts at Peel Hunt in a research note issued to investors on Tuesday. They currently have a GBX 1,580 ($19.60) price objective on the stock. Peel Hunt’s price target would indicate a potential upside of 14.49% from the company’s previous close.

A number of other analysts have also recently commented on TPK. Panmure Gordon reiterated a “hold” rating and set a GBX 1,500 ($18.61) price objective on shares of Travis Perkins plc in a research report on Tuesday, August 2nd. Goodbody reiterated a “hold” rating on shares of Travis Perkins plc in a research report on Tuesday, August 2nd. Barclays PLC reiterated an “equal weight” rating and set a GBX 1,950 ($24.19) price objective on shares of Travis Perkins plc in a research report on Wednesday, August 3rd. Deutsche Bank AG reiterated a “buy” rating and set a GBX 1,906 ($23.64) price objective on shares of Travis Perkins plc in a research report on Wednesday, August 3rd. Finally, Citigroup Inc. reiterated a “buy” rating and set a GBX 1,800 ($22.33) price objective on shares of Travis Perkins plc in a research report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 1,747.11 ($21.67).

Shares of Travis Perkins plc (LON:TPK) opened at 1363.00 on Tuesday. The stock’s 50 day moving average is GBX 1,399.97 and its 200-day moving average is GBX 1,574.80. Travis Perkins plc has a 12-month low of GBX 1,090.00 and a 12-month high of GBX 2,064.00. The stock’s market cap is GBX 3.39 billion.

In related news, insider Robert M. Walker acquired 10,378 shares of the stock in a transaction that occurred on Wednesday, October 19th. The stock was purchased at an average cost of GBX 1,402 ($17.39) per share, for a total transaction of £145,499.56 ($180,498.15). Also, insider Robert M. Walker acquired 353 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were bought at an average price of GBX 1,333 ($16.54) per share, with a total value of £4,705.49 ($5,837.35).

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