Travis Perkins Price Target Increased to GBX 1,900 by Analysts at Numis Securities Ltd (TPK)

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Stock analysts at Numis Securities Ltd lifted their price target on shares of Travis Perkins (LON:TPK) from GBX 1,800 ($29.66) to GBX 1,900 ($31.31) in a report issued on Wednesday, Stock Ratings Network reports. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 1.55% from the company’s current price.

A number of other analysts have also recently weighed in on TPK. Analysts at Davy Research reiterated an “outperform” rating on shares of Travis Perkins in a research note to investors on Monday. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Travis Perkins in a research note to investors on Wednesday, January 8th. They now have a GBX 1,592 ($26.24) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Travis Perkins in a research note to investors on Tuesday, January 7th. They now have a GBX 1,910 ($31.48) price target on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Travis Perkins currently has a consensus rating of “Hold” and a consensus target price of GBX 1,718.30 ($28.32).

Shares of Travis Perkins (LON:TPK) opened at 1890.70 on Wednesday. Travis Perkins has a 1-year low of GBX 1188.00 and a 1-year high of GBX 1912.0001. The stock’s 50-day moving average is GBX 1801. and its 200-day moving average is GBX 1703.. The company’s market cap is £4.540 billion.

Travis Perkins plc is a builder’s merchant and home improvement retailer in the United Kingdom. The general merchanting division supplies building materials to professional building companies, contractors and tradesman throughout Great Britain.

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