Travis Perkins Given “Hold” Rating at Deutsche Bank (TPK)

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Travis Perkins (LON:TPK)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Monday, Analyst Ratings News reports. They currently have a GBX 1,592 ($26.13) target price on the stock. Deutsche Bank’s price objective would indicate a potential downside of 14.18% from the stock’s previous close.

Travis Perkins (LON:TPK) opened at 1854.9999 on Monday. Travis Perkins has a 1-year low of GBX 1188.00 and a 1-year high of GBX 1912.0001. The stock has a 50-day moving average of GBX 1805. and a 200-day moving average of GBX 1708.. The company’s market cap is £4.454 billion.

Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd raised their price target on shares of Travis Perkins from GBX 1,800 ($29.55) to GBX 1,900 ($31.19) in a research note to investors on Wednesday, January 15th. They now have a “hold” rating on the stock. Separately, analysts at Davy Research reiterated an “outperform” rating on shares of Travis Perkins in a research note to investors on Monday, January 13th. 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 ($31.35) price target on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 1,718.30 ($28.21).

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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