Travis Perkins (OTCMKTS:TPRKY) Price Target Cut to GBX 1,000

Travis Perkins (OTCMKTS:TPRKYGet Rating) had its price target lowered by JPMorgan Chase & Co. from GBX 1,200 ($14.50) to GBX 1,000 ($12.08) in a research note issued to investors on Tuesday morning, The Fly reports.

TPRKY has been the subject of a number of other reports. Berenberg Bank lowered Travis Perkins from a buy rating to a hold rating in a report on Friday, June 10th. Peel Hunt cut shares of Travis Perkins to a buy rating in a research note on Thursday, August 4th. Morgan Stanley lowered shares of Travis Perkins from an overweight rating to an equal weight rating in a research note on Friday, July 8th. Stifel Nicolaus lowered shares of Travis Perkins from a buy rating to a hold rating in a research note on Thursday, August 4th. Finally, UBS Group decreased their price objective on shares of Travis Perkins from GBX 1,600 ($19.33) to GBX 1,060 ($12.81) in a report on Friday, June 24th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Travis Perkins currently has a consensus rating of Hold and an average price target of $1,290.00.

Travis Perkins Stock Down 5.5 %

OTCMKTS TPRKY opened at $9.71 on Tuesday. Travis Perkins has a 1-year low of $9.20 and a 1-year high of $25.35. The firm’s fifty day simple moving average is $11.02 and its 200-day simple moving average is $13.80.

About Travis Perkins

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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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