Will New Ratings Coverage by Canaccord Genuity Help Travis Perkins (LON:TPK) Stock This Week?

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Why Has Canaccord Genuity Given Travis Perkins (LON:TPK) a GBX 2310 Price Target

In an analyst research report revealed to investors and clients on Wednesday, 9 December, Canaccord Genuity analyst has today initiated coverage for Travis Perkins (LON:TPK) shares with a Buy rating. The target price has been set to GBX 2310.

From a total of 18 analysts covering Travis Perkins PLC (LON:TPK) stock, 12 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 63% of the ratings are positive. The highest target price is GBX 2650 while the lowest target price is GBX 1558. The mean of all analyst targets is GBX 2190.28 with a 13.13% above today’s (GBX 2006) stock price. Travis Perkins PLC was the topic of 60 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 7 with “Buy” rating. Deutsche Bank maintained shares with “Buy” rating and GBX 2234 target share price in a report from a November 11. Liberum Capital maintained TPK stock in a recent report from December 3 with “Buy” rating. Barclays Capital maintained the rating on October 23. Barclays Capital has a “Equal Weight” rating and a GBX 2050 price target on shares. Finally, Berenberg maintained the stock with “Buy” rating in a report issued on a November 10.

Approximately 133,089 shares of stock traded hands. Travis Perkins plc (LON:TPK) has declined 4.94% since May 12, 2015 and is downtrending. It has underperformed by 4.14% the S&P500.

Will New Ratings Coverage by Canaccord Genuity Help Travis Perkins (LON:TPK) Stock This Week?

Travis Perkins plc is a United Kingdom firm operating in the builders’ merchant and home improvement markets. The company has a market cap of 5.03 billion GBP. The Firm is a product supplier to the building and construction market in the United Kingdom. It has 19.29 P/E ratio. The Firm operates through four divisions: General Merchanting, Plumbing & Heating, Contracts and Consumer.

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