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Builders merchant shares tipped for the top

Shares in builders and plumbers merchant chains Wolseley and Travis Perkins rose to their highest levels for two and half years yesterday (January 11).
Wolseley’s market value rose 64% last year and broker Citigroup estimates that shares could reach £30 by the end of this year, with a £45 level in three years not out of the question.

Meanwhile broker Numis expects Travis Perkins’ acquisition of BSS to enhance earnings per share by more than 13%. As a result, Travis shares are also being tipped as ones to buy.

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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