TPRKY - Travis Perkins: Little Upside For Now
Travis Perkins plc (TVPKF)(TVPKY) is a U.K.-listed builders' merchant. It has a good market position and I appreciate its strategic shift to focus on the trade business. However, at around 1,100p, I think the shares are fully priced for now.
About Travis Perkins
As this is the first coverage of the company on Seeking Alpha, it may be helpful to provide an overview.
The company is the largest builders' merchant in the U.K. It traces its roots back to the end of the eighteenth century. Today, it operates from 2,000 stores, outlets and sites across