Shares of Travis Perkins plc (LON:TPK – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 592.25 and traded as low as GBX 544.50. Travis Perkins shares last traded at GBX 551.50, with a volume of 476,753 shares changing hands.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Berenberg Bank lowered their price objective on Travis Perkins from GBX 620 to GBX 580 and set a “hold” rating for the company in a research report on Wednesday, July 8th. JPMorgan Chase & Co. reduced their target price on Travis Perkins from GBX 680 to GBX 630 and set an “overweight” rating on the stock in a research report on Tuesday, May 19th. Finally, Jefferies Financial Group decreased their price target on Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 632.80.
Check Out Our Latest Stock Analysis on TPK
Travis Perkins Price Performance
Travis Perkins Company Profile
Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline products, as well as supplies managed services, and commercial and industrial heating and cooling solutions. In addition, the company provides in specialist civils and drainage solutions; and air-conditioning and refrigeration products and heat pumps. Further, it provides insulation and interior building products to interior building specialists, contractors, and builders; and kitchens and joinery products.
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