Liberum Capital Reaffirms “Buy” Rating for Travis Perkins (LON:TPK)

Liberum Capital reiterated their buy rating on shares of Travis Perkins (LON:TPK) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

TPK has been the subject of a number of other research reports. Canaccord Genuity reiterated a hold rating and issued a GBX 1,480 ($19.47) price objective on shares of Travis Perkins in a report on Tuesday, December 10th. Berenberg Bank reiterated a hold rating on shares of Travis Perkins in a report on Monday, September 30th. Barclays reiterated an equal weight rating on shares of Travis Perkins in a report on Wednesday, November 13th. Royal Bank of Canada downgraded Travis Perkins to a sector performer rating and decreased their price objective for the stock from GBX 1,600 ($21.05) to GBX 1,550 ($20.39) in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. increased their price objective on Travis Perkins from GBX 1,400 ($18.42) to GBX 1,430 ($18.81) and gave the stock a neutral rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 1,518.55 ($19.98).

Shares of Travis Perkins stock opened at GBX 1,599 ($21.03) on Tuesday. The business has a 50 day moving average of GBX 1,606.90 and a 200 day moving average of GBX 1,414.19. The company has a quick ratio of 0.60, a current ratio of 1.34 and a debt-to-equity ratio of 74.78. The company has a market cap of $4.04 billion and a PE ratio of 54.39. Travis Perkins has a 52 week low of GBX 1,160.50 ($15.27) and a 52 week high of GBX 1,841 ($24.22).

In related news, insider Nick Roberts bought 153 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were purchased at an average cost of GBX 1,595 ($20.98) per share, with a total value of £2,440.35 ($3,210.14). Also, insider Marianne Culver bought 32 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was bought at an average cost of GBX 1,627 ($21.40) per share, for a total transaction of £520.64 ($684.87). Over the last three months, insiders bought 299 shares of company stock worth $466,117.

Travis Perkins Company Profile

Travis Perkins plc supplies building and home improvement products in the United Kingdom. The company's General Merchanting division supplies products for various types of repair, maintenance, and improvement projects, as well as new residential and commercial construction. This division serves sole traders and national housebuilders under the Travis Perkins and Benchmarx brands.

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Analyst Recommendations for Travis Perkins (LON:TPK)

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