Travis Perkins (LON:TPK) Given New GBX 1,356 Price Target at JPMorgan Chase & Co.

Travis Perkins (LON:TPK) had its target price decreased by JPMorgan Chase & Co. from GBX 1,429 ($18.67) to GBX 1,356 ($17.72) in a report released on Monday morning, Digital Look reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other brokerages also recently issued reports on TPK. Bank of America raised Travis Perkins to a buy rating and lifted their target price for the company from GBX 1,000 ($13.07) to GBX 1,700 ($22.21) in a research note on Tuesday, April 23rd. Peel Hunt reissued a hold rating on shares of Travis Perkins in a research note on Monday, July 29th. Royal Bank of Canada raised Travis Perkins to an outperform rating and lifted their target price for the company from GBX 1,550 ($20.25) to GBX 1,600 ($20.91) in a research note on Friday, July 19th. Canaccord Genuity initiated coverage on Travis Perkins in a research note on Wednesday, July 31st. They set a buy rating and a GBX 1,440 ($18.82) target price on the stock. Finally, Shore Capital reissued a sell rating on shares of Travis Perkins in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Travis Perkins presently has an average rating of Hold and a consensus target price of GBX 1,426.44 ($18.64).

Shares of TPK opened at GBX 1,166 ($15.24) on Monday. The business’s 50 day moving average is GBX 1,270.42 and its 200 day moving average is GBX 1,329.59. The company has a market capitalization of $2.94 billion and a PE ratio of 39.66. Travis Perkins has a 12-month low of GBX 965.60 ($12.62) and a 12-month high of GBX 1,488.50 ($19.45). The company has a current ratio of 1.34, a quick ratio of 0.60 and a debt-to-equity ratio of 74.78.

The firm also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be paid a dividend of GBX 15.50 ($0.20) per share. This represents a yield of 1.13%. The ex-dividend date is Thursday, October 3rd. Travis Perkins’s dividend payout ratio (DPR) is presently 1.60%.

In other Travis Perkins news, insider Coline McConville bought 73 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were bought at an average price of GBX 1,226 ($16.02) per share, with a total value of £894.98 ($1,169.45).

About Travis Perkins

Travis Perkins plc supplies building and home improvement products in the United Kingdom. The company's General Merchanting division supplies products for various types of repair, maintenance, and improvement projects, as well as new residential and commercial construction. This division serves sole traders and national housebuilders under the Travis Perkins and Benchmarx brands.

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Analyst Recommendations for Travis Perkins (LON:TPK)

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