Travis Perkins (OTCMKTS:TPRKY – Get Rating) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, The Fly reports.
A number of other equities research analysts have also recently commented on TPRKY. Morgan Stanley cut Travis Perkins from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 8th. UBS Group reduced their price objective on Travis Perkins from GBX 1,600 ($19.61) to GBX 1,060 ($12.99) in a research note on Friday, June 24th. JPMorgan Chase & Co. cut Travis Perkins from an “overweight” rating to a “neutral” rating in a research report on Wednesday, June 29th. Royal Bank of Canada cut their target price on Travis Perkins from GBX 2,100 ($25.73) to GBX 1,500 ($18.38) in a research report on Thursday, June 23rd. Finally, Peel Hunt cut Travis Perkins to a “buy” rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1,386.67.
Travis Perkins Trading Up 0.1 %
Shares of TPRKY stock opened at $11.37 on Thursday. The stock has a 50 day simple moving average of $12.59 and a two-hundred day simple moving average of $15.64. Travis Perkins has a fifty-two week low of $10.80 and a fifty-two week high of $25.80.
About Travis Perkins
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.
Further Reading
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