Deutsche Bank reaffirmed their buy rating on shares of Travis Perkins plc (LON:TPK) in a report published on Friday, ARN reports. The firm currently has a GBX 2,234 ($31.83) price target on the stock.

Travis Perkins plc (LON:TPK) traded down 1.3151% during mid-day trading on Friday, hitting GBX 1801.0000. The company had a trading volume of 330,089 shares. Travis Perkins plc has a 1-year low of GBX 1,759.85 and a 1-year high of GBX 2,270.00. The company has a 50 day moving average of GBX 1,898.30 and a 200 day moving average of GBX 1,999.01. The firm’s market capitalization is GBX 4.45 billion.

Several other brokerages also recently issued reports on TPK. Citigroup Inc. raised shares of Travis Perkins plc to a buy rating and set a GBX 2,220 ($31.63) price objective for the company in a research note on Friday, October 23rd. RBC Capital reissued an outperform rating and issued a GBX 2,000 ($28.49) price objective on shares of Travis Perkins plc in a research note on Friday, January 22nd. Panmure Gordon decreased their price objective on shares of Travis Perkins plc from GBX 1,950 ($27.78) to GBX 1,650 ($23.51) and set a sell rating for the company in a research note on Thursday, October 22nd. Stifel Nicolaus reissued a buy rating and issued a GBX 2,480 ($35.33) price objective on shares of Travis Perkins plc in a research note on Monday, October 19th. Finally, Numis Securities Ltd reissued a hold rating and issued a GBX 2,200 ($31.34) price objective on shares of Travis Perkins plc in a research note on Friday, October 16th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of GBX 2,195.75 ($31.28).

In related news, insider Walker,Robert M acquired 238 shares of the company’s stock in a transaction dated Monday, January 4th. The shares were purchased at an average cost of GBX 1,947 ($27.74) per share, with a total value of £4,633.86 ($6,601.88). Also, insider Rogers ,Christopher acquired 34 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were bought at an average cost of GBX 1,951 ($27.80) per share, for a total transaction of £663.34 ($945.06).

Travis Perkins plc is a United Kingdom-based company operating in the builders’ merchant and home improvement markets. The Company is a product supplier to the building and construction market in the United Kingdom. The Company operates through four segments: General Merchanting, Plumbing & Heating, Contracts and Consumer. The General Merchanting segment, consisting of the Travis Perkins and Benchmarx brands, supplies products for various types of repair, maintenance and improvement projects (LON:TPK), as well as new builds and construction. The Plumbing & Heating segment supplies the trade with plumbing, heating and related products, and includes brands, such as Plumbing Trade Supplies, Direct Heating Spares (DHS), PlumbNation and City Plumbing Supplies. The Contracts segment has three primary brands, 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.

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