Rating Change: Travis Perkins PLC (LON:TPK) Stock Hold Rating Maintained at Peel Hunt; The TP Given is GBX 1580.00

November 29, 2016 - By Linda Rogers

Travis Perkins PLC (LON:TPK) Rating

In a research report issued on today, Peel Hunt kept their Hold rating on Travis Perkins PLC (LON:TPK)‘s stock. The target suggests a potential upside of 15.71% from company’s previous stock close.

Travis Perkins plc (LON:TPK) Ratings Coverage

Out of 23 analysts covering Travis Perkins PLC (LON:TPK), 14 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 61% are positive. GBX 2787 is the highest target while GBX 2 is the lowest. The GBX 1859.10 average target is 36.40% above today’s (GBX 1363) stock price. Travis Perkins PLC has been the topic of 196 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained Travis Perkins plc (LON:TPK) rating on Friday, October 21. Deutsche Bank has “Buy” rating and GBX 1800 price target. Peel Hunt maintained the shares of TPK in a report on Monday, February 8 with “Hold” rating. The rating was maintained by AlphaValue with “Add” on Thursday, January 7. Deutsche Bank maintained the shares of TPK in a report on Monday, June 20 with “Buy” rating. Deutsche Bank maintained Travis Perkins plc (LON:TPK) on Monday, May 16 with “Buy” rating. The company was initiated on Wednesday, December 9 by Canaccord Genuity. The firm earned “Hold” rating on Wednesday, August 24 by Goodbody. The company was maintained on Monday, April 11 by Deutsche Bank. The stock of Travis Perkins plc (LON:TPK) earned “Hold” rating by Numis Securities on Wednesday, August 3. The stock has “Buy” rating given by UBS on Friday, October 16.

About 717,400 shares traded hands. Travis Perkins plc (LON:TPK) has declined 25.43% since April 29, 2016 and is downtrending. It has underperformed by 30.69% the S&P500.

Travis Perkins plc is a United Kingdom product supplier to the building, construction and home improvement markets. The company has a market cap of 3.41 billion GBP. The Firm operates through divisions, which include General Merchanting, Plumbing & Heating, Contracts and Consumer. It has a 19.25 P/E ratio. The General Merchanting segment consists of the Travis Perkins and Benchmarx brands and supplies products for various types of repair, maintenance and improvement projects , as well as new residential and commercial construction.

Another recent and important Travis Perkins plc (LON:TPK) news was published by Businesswire.com which published an article titled: “Travis Perkins plc to Implement Omnichannel Strategy in Wickes Stores with …” on November 16, 2015.

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