Shares of Travis Perkins plc (LON:TPK – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 592.25 and traded as low as GBX 544.50. Travis Perkins shares last traded at GBX 551.50, with a volume of 476,753 shares traded.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Jefferies Financial Group dropped their target price on shares of Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating on the stock in a research report on Monday, April 20th. JPMorgan Chase & Co. reduced their price target on shares of Travis Perkins from GBX 680 to GBX 630 and set an “overweight” rating for the company in a report on Tuesday, May 19th. Finally, Berenberg Bank decreased their price target on shares of Travis Perkins from GBX 620 to GBX 580 and set a “hold” rating for the company in a research note on Wednesday, July 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 632.80.
Get Our Latest Stock Report on Travis Perkins
Travis Perkins Trading Up 0.2%
About Travis Perkins
Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline products, as well as supplies managed services, and commercial and industrial heating and cooling solutions. In addition, the company provides in specialist civils and drainage solutions; and air-conditioning and refrigeration products and heat pumps. Further, it provides insulation and interior building products to interior building specialists, contractors, and builders; and kitchens and joinery products.
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