Travis Perkins (TPK) Cut to Underperform at Davy Research

Davy Research downgraded shares of Travis Perkins (LON:TPK) to an underperform rating in a research report report published on Wednesday.

TPK has been the topic of several other research reports. Barclays reaffirmed an equal weight rating and issued a GBX 1,150 ($15.03) target price (down previously from GBX 1,200 ($15.68)) on shares of Travis Perkins in a report on Tuesday, October 30th. Canaccord Genuity reissued a hold rating and set a GBX 1,300 ($16.99) price objective on shares of Travis Perkins in a report on Tuesday, October 16th. UBS Group reissued a neutral rating on shares of Travis Perkins in a report on Wednesday, December 5th. Liberum Capital reissued a buy rating on shares of Travis Perkins in a report on Tuesday, December 4th. Finally, Shore Capital reissued a hold rating on shares of Travis Perkins in a report on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 1,291.18 ($16.87).

Shares of LON:TPK opened at GBX 1,144 ($14.95) on Wednesday. Travis Perkins has a fifty-two week low of GBX 1,233.50 ($16.12) and a fifty-two week high of GBX 1,709 ($22.33).

In related news, insider Coline McConville bought 81 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were bought at an average cost of GBX 1,100 ($14.37) per share, for a total transaction of £891 ($1,164.25). Also, insider Alan Williams sold 7,214 shares of the business’s stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of GBX 1,099 ($14.36), for a total transaction of £79,281.86 ($103,595.79). Over the last quarter, insiders purchased 475 shares of company stock worth $508,279.

About Travis Perkins

Travis Perkins plc operates as a builder's merchant and home improvement product retailer in the United Kingdom. The company's General Merchanting division supplies building materials for various types of repair, maintenance, and improvement projects, as well as new residential and commercial constructions.

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Analyst Recommendations for Travis Perkins (LON:TPK)

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