Travis Perkins (OTCMKTS:TPRKY) PT Lowered to GBX 1,500

Travis Perkins (OTCMKTS:TPRKYGet Rating) had its target price cut by Royal Bank of Canada from GBX 2,100 ($25.72) to GBX 1,500 ($18.37) in a research note issued to investors on Thursday, The Fly reports.

A number of other brokerages have also issued reports on TPRKY. Jefferies Financial Group lowered Travis Perkins from a “buy” rating to a “hold” rating in a research note on Tuesday, March 8th. Peel Hunt raised Travis Perkins to a “buy” rating in a research note on Wednesday, March 2nd. Berenberg Bank lowered Travis Perkins from a “buy” rating to a “hold” rating in a research note on Friday, June 10th. Finally, Credit Suisse Group lowered their price target on Travis Perkins from GBX 1,805 ($22.11) to GBX 1,600 ($19.60) in a research note on Tuesday, March 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,550.00.

TPRKY stock traded down $0.04 during mid-day trading on Thursday, reaching $12.06. 17,434 shares of the company’s stock were exchanged, compared to its average volume of 22,920. The stock’s 50 day moving average is $14.66 and its 200 day moving average is $17.74. Travis Perkins has a 12-month low of $11.79 and a 12-month high of $25.80.

About Travis Perkins (Get Rating)

Travis Perkins plc distributes building materials to the building, construction, and home improvement markets in the United Kingdom. It operates through, Merchanting, and Toolstation segments. 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.

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