Deutsche Bank Aktiengesellschaft Cuts Travis Perkins (LON:TPK) Price Target to GBX 1,961

Travis Perkins (LON:TPK – Get Rating) had its price target decreased by analysts at Deutsche Bank Aktiengesellschaft from GBX 2,105 ($28.24) to GBX 1,961 ($26.31) in a research report issued on Tuesday, Digital Look reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 35.43% from the company’s previous close.

TPK has been the subject of several other research reports. Liberum Capital lowered their price target on shares of Travis Perkins from GBX 2,065 ($27.71) to GBX 2,020 ($27.10) and set a “buy” rating for the company in a report on Wednesday. Morgan Stanley reiterated an “overweight” rating on shares of Travis Perkins in a research note on Wednesday, February 9th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 2,000 ($26.83) price objective on shares of Travis Perkins in a research note on Wednesday, December 8th. Barclays reiterated an “equal weight” rating and issued a GBX 1,545 ($20.73) price objective on shares of Travis Perkins in a research note on Monday, January 24th. Finally, Berenberg Bank lowered their price objective on shares of Travis Perkins from GBX 2,060 ($27.64) to GBX 2,000 ($26.83) and set a “buy” rating for the company in a research note on Monday, November 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Travis Perkins currently has a consensus rating of “Buy” and a consensus target price of GBX 1,887.15 ($25.32).


LIVE ON CAMERA: The man who called #1 tech stocks of 2016, 2018, 2019 & 2020 based on return…

Reveals the details of a new tech set to grow:
113X bigger than the Internet…
600X bigger than 5G…
2,000X BIGGER than Bitcoin.

“This is the biggest investing moment in 400 years — and just $25 gets you in.”

Brown believes the rollout could be days away…

Travis Perkins stock opened at GBX 1,448 ($19.43) on Tuesday. The company has a debt-to-equity ratio of 50.37, a quick ratio of 0.81 and a current ratio of 1.59. Travis Perkins has a 52-week low of GBX 1,326.50 ($17.80) and a 52-week high of GBX 1,839.60 ($24.68). The firm has a 50 day moving average price of GBX 1,505.99 and a two-hundred day moving average price of GBX 1,587.10. The firm has a market cap of £3.17 billion and a price-to-earnings ratio of 23.47.

Travis Perkins Company Profile (Get Rating)

Travis Perkins plc distributes building materials to the building, construction, and home improvement markets in the United Kingdom. It operates through four segments: Merchanting, Retail, Toolstation, and Plumbing & Heating. The Merchanting segment distributes interior building products, which include drywalls, ceilings, external envelopes, fire protection products, flooring and partitioning products, and tools and accessories to professionals within the construction industry; civil, drainage, and heavy building materials to specialist contractors and trade professionals; and pipeline and heating solutions.

Read More

Analyst Recommendations for Travis Perkins (LON:TPK)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Travis Perkins right now?

Before you consider Travis Perkins, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Travis Perkins wasn’t on the list.

While Travis Perkins currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here


Source link

Leave a Comment

Your email address will not be published. Required fields are marked *