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).

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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.

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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]

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