Published On: Wed, Oct 19th, 2016

Analysts At Canaccord Genuity Reiterated Travis Perkins (LON:TPK) As Buy


Today analysts at Canaccord Genuity reiterated Travis Perkins’s (LON:TPK) shares as ‘Buy’ in a report released to investors.

According to Canaccord Genuitys price target of 1710 on the company’s stock this indicates the broker now believes there is an increase of 20.25% from Travis Perkins’s current price of 1422.

LON:TPK


In the last year Travis Perkins’s stock price has decreased by -24.35% from 1879.67 to 1422.

The number of Travis Perkins shares in issue is 248,833,000 which have a current share price of 1422 bringing Travis Perkins’s market capitalisation to 3.54B GBp.

The 52 week high of shares in Travis Perkins is 2064 while the 52 week low for the company’s shares is 1090. The businesses 50 day moving average is 1566.03 and its 200 day moving average is 1665.94.

Travis Perkins plc is a United Kingdom-based product supplier to the building, construction and home improvement markets. The Company operates through segments, which include General Merchanting, Plumbing & Heating, Contracts and Consumer. The General Merchanting segment consists of the Travis Perkins and Benchmarx brands and supplies products for various types of repair, maintenance and improvement projects (RMI), as well as new residential and commercial construction. The Plumbing & Heating segment supplies plumbing and bathroom products under the iflo brand, and also includes brands, such as Plumbing Trade Supplies and City Plumbing Supplies. The Contracts segment supplies civils, heavy building materials and drainage solutions, and has three businesses, Keyline, CCF and BSS. The Consumer segment supplies domestic building and decorative materials through retail stores, and includes brands, such as Wickes, Toolstation and Tile Giant.