Travis Perkins Downgraded to “Hold” at Peel Hunt (TPK)

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Travis Perkins (LON:TPK) was downgraded by equities researchers at Peel Hunt to a “hold” rating in a research report issued on Thursday, AR Network reports.

A number of other firms have also recently commented on TPK. Analysts at N+1 Singer initiated coverage on shares of Travis Perkins in a research note to investors on Tuesday. They set a “hold” rating and a GBX 1,800 ($29.55) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Travis Perkins in a research note to investors on Monday. They now have a GBX 1,592 ($26.13) price target on the stock. Finally, 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. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 1,723.11 ($28.28).

Shares of Travis Perkins (LON:TPK) traded down 2.09% on Thursday, hitting GBX 1782.00. 857,642 shares of the company’s stock traded hands. Travis Perkins has a 52-week low of GBX 1188.00 and a 52-week high of GBX 1912.0001. The stock has a 50-day moving average of GBX 1812. and a 200-day moving average of GBX 1718.31. The company’s market cap is £4.279 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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