Deutsche Bank Reiterates “Hold” Rating for Travis Perkins (TPK)

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Travis Perkins (LON:TPK)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Tuesday, AR Network reports. They currently have a GBX 1,592 ($26.12) target price on the stock. Deutsche Bank’s target price would indicate a potential downside of 13.81% from the stock’s previous close.

A number of other analysts have also recently weighed in on TPK. Analysts at JPMorgan Chase & Co. raised their price target on shares of Travis Perkins from GBX 1,380 ($22.64) to GBX 1,750 ($28.71) in a research note on Monday, February 3rd. They now have a “neutral” rating on the stock. Separately, analysts at Peel Hunt downgraded shares of Travis Perkins to a “hold” rating in a research note on Thursday, January 23rd. Finally, analysts at N+1 Singer initiated coverage on shares of Travis Perkins in a research note on Tuesday, January 21st. They set a “hold” rating and a GBX 1,800 ($29.53) price target on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Travis Perkins currently has an average rating of “Hold” and an average price target of GBX 1,744.87 ($28.63).

Shares of Travis Perkins (LON:TPK) opened at 1846.9999 on Tuesday. Travis Perkins has a one year low of GBX 1228.00 and a one year high of GBX 1912.0001. The stock has a 50-day moving average of GBX 1826. and a 200-day moving average of GBX 1727.. The company’s market cap is £4.435 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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