Travis Perkins (LON:TPK) Lifted to Outperform at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Travis Perkins (LON:TPK) to an outperform rating in a research note released on Friday, ThisIsMoney.Co.Uk reports. The firm currently has GBX 1,600 ($20.91) price target on the stock, up from their previous price target of GBX 1,550 ($20.25).

Several other research analysts also recently weighed in on the company. Liberum Capital cut their price target on Superdry from GBX 600 ($7.84) to GBX 500 ($6.53) and set a buy rating for the company in a research note on Wednesday, July 10th. Jefferies Financial Group upgraded SALVATORE FERRA/ADR from an underperform rating to a hold rating in a research note on Tuesday, June 25th. Bank of America set a $64.00 price target on Verizon Communications and gave the stock a buy rating in a research note on Tuesday, April 23rd. Peel Hunt reiterated a hold rating and set a GBX 935 ($12.22) price target (up previously from GBX 920 ($12.02)) on shares of Antofagasta in a research note on Tuesday, July 9th. Finally, UBS Group set a $125.00 price target on Caterpillar and gave the stock a sell rating in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 1,414.50 ($18.48).

TPK stock opened at GBX 1,278 ($16.70) on Friday. The company has a debt-to-equity ratio of 22.41, a current ratio of 1.39 and a quick ratio of 0.84. The company has a market cap of $3.22 billion and a P/E ratio of -37.15. Travis Perkins has a fifty-two week low of GBX 965.60 ($12.62) and a fifty-two week high of GBX 1,488.50 ($19.45). The business’s fifty day moving average price is GBX 1,283.64.

In related news, insider Coline McConville bought 73 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was acquired at an average price of GBX 1,226 ($16.02) per share, for a total transaction of £894.98 ($1,169.45).

About Travis Perkins

Travis Perkins plc supplies building and home improvement products in the United Kingdom. The company's General Merchanting division supplies products for various types of repair, maintenance, and improvement projects, as well as new residential and commercial construction. This division serves sole traders and national housebuilders under the Travis Perkins and Benchmarx brands.

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Analyst Recommendations for Travis Perkins (LON:TPK)

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