JPMorgan Raises Travis Perkins Price Target to £710

Travis Perkins' (LON:TPK) stock price target has been raised to GBX 710 by JPMorgan Chase & Co., representing a potential upside of 5.65% from its current price. This new target surpasses the previous boost, which was issued in a note to investors on Friday.

Deutsche Bank Aktiengesellschaft also recently increased their target price for Travis Perkins shares from GBX 470 to GBX 550 and gave the stock a 'sell' rating. However, Jefferies Financial Group reissued an 'underperform' rating with a GBX 443 price target.

Analysts have given varied predictions, with Peel Hunt maintaining a 'buy' rating and setting a GBX 660 price objective, while Berenberg Bank upped their price objective from GBX 580 to GBX 650 and assigned a 'hold' rating.