Travis Perkins plc (OTCMKTS:TPRKY) Given Consensus Rating of “Hold” by Analysts

Shares of Travis Perkins plc (OTCMKTS:TPRKY – Get Rating) have earned an average rating of “Hold” from the twelve research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $1,200.00.

TPRKY has been the subject of a number of recent analyst reports. Exane BNP Paribas lowered Travis Perkins from an “outperform” rating to a “neutral” rating in a research note on Monday, November 28th. Barclays initiated coverage on Travis Perkins in a research note on Friday, December 2nd. They set an “equal weight” rating for the company. JPMorgan Chase & Co. lowered Travis Perkins from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 8th. Royal Bank of Canada lowered their price objective on Travis Perkins from GBX 1,400 ($17.08) to GBX 1,250 ($15.25) in a research note on Friday, October 21st. Finally, Liberum Capital downgraded Travis Perkins from a “buy” rating to a “hold” rating in a report on Wednesday, December 14th.

Travis Perkins Trading Up 0.8 %

TPRKY stock opened at $12.44 on Friday. Travis Perkins has a 1 year low of $7.77 and a 1 year high of $21.65. The stock has a 50-day simple moving average of $11.49 and a 200-day simple moving average of $10.66.

Travis Perkins Company Profile

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Travis Perkins Plc engaged in the supply of general building materials, timber, plumbing, heating, kitchens, bathrooms and landscaping materials. 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.