Travis Perkins plc (LON:TPK) Given Consensus Recommendation of “Buy” by Brokerages


Shares of Travis Perkins plc (LON:TPK) have been given a consensus recommendation of “Buy” by the fifteen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 1,922.55 ($25.84).

A number of equities analysts recently commented on the stock. Berenberg Bank dropped their price target on shares of Travis Perkins from GBX 2,060 ($27.69) to GBX 2,000 ($26.89) and set a “buy” rating for the company in a research note on Monday, November 1st. Peel Hunt reaffirmed an “add” rating and set a GBX 1,900 ($25.54) price target on shares of Travis Perkins in a research note on Thursday, October 28th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 2,000 ($26.89) price target on shares of Travis Perkins in a research note on Wednesday, December 8th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Travis Perkins from GBX 2,056 ($27.64) to GBX 2,105 ($28.30) and gave the stock a “buy” rating in a research note on Thursday, October 28th. Finally, Liberum Capital boosted their price objective on shares of Travis Perkins from GBX 1,969 ($26.47) to GBX 2,065 ($27.76) and gave the company a “buy” rating in a research report on Tuesday, December 7th.

LON TPK opened at GBX 1,554.50 ($20.90) on Friday. Travis Perkins has a 12-month low of GBX 1,330.50 ($17.89) and a 12-month high of GBX 2,051 ($27.57). The company has a quick ratio of 0.81, a current ratio of 1.59 and a debt-to-equity ratio of 50.37. The company has a 50-day simple moving average of GBX 1,536.71 and a two-hundred day simple moving average of GBX 1,644.95. The firm has a market cap of £3.46 billion and a price-to-earnings ratio of 25.19.

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About Travis Perkins

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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