Stifel Nicolaus Downgrades Travis Perkins (OTCMKTS:TPRKY) to Hold

Travis Perkins (OTCMKTS:TPRKYGet Rating) was downgraded by stock analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued on Thursday, The Fly reports.

A number of other brokerages have also recently issued reports on TPRKY. UBS Group dropped their price objective on Travis Perkins from GBX 1,600 ($19.61) to GBX 1,060 ($12.99) in a research note on Friday, June 24th. Berenberg Bank cut Travis Perkins from a “buy” rating to a “hold” rating in a research note on Friday, June 10th. JPMorgan Chase & Co. cut Travis Perkins from an “overweight” rating to a “neutral” rating in a research note on Wednesday, June 29th. Peel Hunt cut Travis Perkins to a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada dropped their price target on Travis Perkins from GBX 2,100 ($25.73) to GBX 1,500 ($18.38) in a research note on Thursday, June 23rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,386.67.

Travis Perkins Trading Up 0.1 %

Shares of Travis Perkins stock opened at $11.37 on Thursday. Travis Perkins has a 12-month low of $10.80 and a 12-month high of $25.80. The business’s 50 day moving average is $12.59 and its 200-day moving average is $15.64.

About Travis Perkins

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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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