Travis Perkins (TPK) Cut to Underperform at Davy Research

Davy Research lowered shares of Travis Perkins (LON:TPK) to an underperform rating in a research note published on Wednesday.

A number of other brokerages have also recently commented on TPK. Liberum Capital reiterated a buy rating on shares of Travis Perkins in a research report on Tuesday, October 23rd. Barclays reiterated an equal weight rating on shares of Travis Perkins in a research report on Monday, December 10th. Shore Capital reiterated a hold rating on shares of Travis Perkins in a research report on Tuesday, December 4th. Peel Hunt reiterated a hold rating on shares of Travis Perkins in a research report on Tuesday, December 4th. Finally, Canaccord Genuity reiterated a hold rating and issued a GBX 1,300 ($16.99) target price on shares of Travis Perkins in a research report on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of GBX 1,291.18 ($16.87).

LON:TPK opened at GBX 1,144 ($14.95) on Wednesday. Travis Perkins has a fifty-two week low of GBX 1,233.50 ($16.12) and a fifty-two week high of GBX 1,709 ($22.33).

In related news, insider Christopher Rogers bought 75 shares of the stock in a transaction on Wednesday, January 2nd. The stock was bought at an average price of GBX 1,055 ($13.79) per share, with a total value of £791.25 ($1,033.91). Also, insider Stuart J. Chambers bought 319 shares of the stock in a transaction on Thursday, November 1st. The shares were bought at an average cost of GBX 1,066 ($13.93) per share, with a total value of £3,400.54 ($4,443.41). Insiders purchased 475 shares of company stock valued at $508,279 in the last three months.

About Travis Perkins

Travis Perkins plc operates as a builder's merchant and home improvement product retailer in the United Kingdom. The company's General Merchanting division supplies building materials for various types of repair, maintenance, and improvement projects, as well as new residential and commercial constructions.

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