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

Liberum Capital reiterated their buy rating on shares of Travis Perkins (LON:TPK) in a research note released on Tuesday.

Several other equities research analysts have also commented on TPK. Canaccord Genuity reiterated a hold rating and set a GBX 1,300 ($16.99) price objective on shares of Travis Perkins in a research note on Tuesday, October 16th. UBS Group cut their price objective on Travis Perkins from GBX 1,515 ($19.80) to GBX 1,240 ($16.20) and set a neutral rating for the company in a research note on Thursday, August 23rd. Peel Hunt reiterated a hold rating on shares of Travis Perkins in a research note on Tuesday, October 23rd. Shore Capital reiterated a hold rating on shares of Travis Perkins in a research note on Tuesday, October 23rd. Finally, Berenberg Bank cut their price objective on Travis Perkins from GBX 1,400 ($18.29) to GBX 1,200 ($15.68) and set a hold rating for the company in a research note on Thursday, August 9th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Travis Perkins has an average rating of Hold and a consensus price target of GBX 1,336.08 ($17.46).

LON:TPK opened at GBX 1,083 ($14.15) on Tuesday. 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 Coline McConville bought 81 shares of the stock in a transaction dated Monday, December 3rd. The shares were acquired at an average cost of GBX 1,100 ($14.37) per share, for a total transaction of £891 ($1,164.25). Also, insider Stuart J. Chambers bought 319 shares of the stock in a transaction dated Thursday, November 1st. The shares were bought at an average price of GBX 1,066 ($13.93) per share, for a total transaction of £3,400.54 ($4,443.41). Over the last 90 days, insiders have bought 484 shares of company stock worth $518,698.

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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