Travis Perkins (LON:TPK) Rating Reiterated by Citigroup

Travis Perkins (LON:TPKGet Rating)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup in a research note issued on Wednesday, Marketbeat reports. They presently have a GBX 1,590 ($19.48) price objective on the stock. Citigroup’s target price suggests a potential upside of 68.97% from the company’s previous close.

TPK has been the topic of several other reports. Royal Bank of Canada cut their target price on Travis Perkins from GBX 2,100 ($25.73) to GBX 1,500 ($18.38) and set an “outperform” rating on the stock in a research note on Thursday, June 23rd. JPMorgan Chase & Co. cut their price objective on Travis Perkins from GBX 2,000 ($24.51) to GBX 1,200 ($14.70) and set a “neutral” rating on the stock in a research report on Wednesday, June 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Travis Perkins in a research report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft cut their price objective on Travis Perkins from GBX 1,275 ($15.62) to GBX 1,250 ($15.32) and set a “buy” rating on the stock in a research report on Wednesday. Finally, Berenberg Bank cut Travis Perkins to a “hold” rating and cut their price objective for the company from GBX 1,800 ($22.06) to GBX 1,380 ($16.91) in a research report on Thursday, June 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,580.50 ($19.37).

Travis Perkins Stock Up 0.6 %

LON TPK opened at GBX 941 ($11.53) on Wednesday. The company has a debt-to-equity ratio of 47.57, a current ratio of 1.85 and a quick ratio of 1.10. The stock has a market capitalization of £2.00 billion and a PE ratio of 913.59. Travis Perkins has a 1 year low of GBX 914.20 ($11.20) and a 1 year high of GBX 1,839.60 ($22.54). The business’s 50-day moving average is GBX 1,035.83 and its 200 day moving average is GBX 1,219.66.

About Travis Perkins

(Get Rating)

Travis Perkins plc distributes building materials to the building, construction, and home improvement markets in the United Kingdom. It operates through, Merchanting, and Toolstation segments. 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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