Peel Hunt reiterated their hold rating on shares of Travis Perkins (LON:TPK) in a report published on Wednesday. The brokerage currently has a GBX 1,610 ($21.67) price target on the stock.

A number of other research analysts have also recently weighed in on the stock. Deutsche Bank cut their price objective on shares of Travis Perkins from GBX 1,837 ($24.72) to GBX 1,760 ($23.69) and set a buy rating on the stock in a research report on Monday, November 20th. Berenberg Bank boosted their price objective on shares of Travis Perkins from GBX 1,700 ($22.88) to GBX 1,800 ($24.23) and gave the company a buy rating in a research report on Friday, October 27th. Shore Capital reiterated a hold rating on shares of Travis Perkins in a research report on Wednesday, October 25th. Jefferies Group cut their price target on shares of Travis Perkins from GBX 1,840 ($24.76) to GBX 1,800 ($24.23) and set a buy rating on the stock in a report on Friday, October 20th. Finally, J P Morgan Chase & Co restated an overweight rating and issued a GBX 1,700 ($22.88) price target on shares of Travis Perkins in a report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of GBX 1,695.42 ($22.82).

Travis Perkins (LON TPK) traded up GBX 16.20 ($0.22) during trading on Wednesday, reaching GBX 1,547 ($20.82). 897,891 shares of the company were exchanged, compared to its average volume of 1,080,000. Travis Perkins has a 52 week low of GBX 1,346 ($18.12) and a 52 week high of GBX 1,709 ($23.00).

In related news, insider Alan Williams sold 11,578 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of GBX 1,534 ($20.65), for a total transaction of £177,606.52 ($239,039.73). Also, insider John Rogers acquired 43 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average cost of GBX 1,583 ($21.31) per share, with a total value of £680.69 ($916.14). Insiders have bought a total of 467 shares of company stock worth $684,313 in the last ninety days.

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Travis Perkins Company Profile

Travis Perkins plc is a United Kingdom-based product supplier to the building, construction and home improvement markets. The Company operates through segments, which include General Merchanting, Plumbing & Heating, Contracts and Consumer. The General Merchanting segment consists of the Travis Perkins and Benchmarx brands and supplies products for various types of repair, maintenance and improvement projects (RMI), as well as new residential and commercial construction.

Analyst Recommendations for Travis Perkins (LON:TPK)

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