The Travis Perkins share price – where next?
The Travis Perkins (LON:TPK) share price has risen by 2.57% over the past month and it’s currently trading at 1200. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Travis Perkins currently has:
4 Buy recommendations
12 Hold recommendations
0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
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Going beyond analyst recommendations
At its current price of 1200, shares in Travis Perkins are trading at a discount of -36.1% to its 52 week high price. The 1-year performance of the shares has been -10.2%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Travis Perkins it's worth doing some investigation yourself. You could do this by taking a look at Travis Perkins's StockReport.
There are all sorts of factors that could affect Travis Perkins's share price this year – we simplify them into easy to understand scores with our Stockopedia StockReport. Click here to take a look at the StockReport for Travis Perkins – you might discover some surprising things you didn’t know.