Travis Perkins (TPK) Given New GBX 1,170 Price Target at Canaccord Genuity

Travis Perkins (LON:TPK) had its target price lowered by Canaccord Genuity from GBX 1,210 ($15.81) to GBX 1,170 ($15.29) in a report published on Tuesday morning. Canaccord Genuity currently has a hold rating on the stock.

Several other equities research analysts also recently weighed in on the company. Barclays reaffirmed an equal weight rating and set a GBX 1,150 ($15.03) price target (down from GBX 1,200 ($15.68)) on shares of Travis Perkins in a report on Tuesday, October 30th. Liberum Capital reaffirmed a buy rating on shares of Travis Perkins in a report on Tuesday, October 23rd. Shore Capital reissued a hold rating on shares of Travis Perkins in a report on Tuesday, December 4th. Peel Hunt reissued a hold rating on shares of Travis Perkins in a report on Tuesday, December 4th. Finally, UBS Group reissued a neutral rating on shares of Travis Perkins in a report on Wednesday, December 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued 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 a consensus price target of GBX 1,291.18 ($16.87).

Shares of LON TPK opened at GBX 1,144 ($14.95) on Tuesday. Travis Perkins has a 1-year low of GBX 1,233.50 ($16.12) and a 1-year high of GBX 1,709 ($22.33).

In other Travis Perkins news, insider Coline McConville bought 81 shares of Travis Perkins stock in a transaction on Monday, December 3rd. The stock was bought at an average price of GBX 1,100 ($14.37) per share, with a total value of £891 ($1,164.25). Also, insider Christopher Rogers purchased 75 shares of the company’s stock in a transaction dated Wednesday, January 2nd. The stock was purchased at an average price of GBX 1,055 ($13.79) per share, with a total value of £791.25 ($1,033.91). In the last three months, insiders acquired 475 shares of company stock valued at $508,279.

Travis Perkins Company Profile

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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