Travis Perkins (LON:TPK) Reaches New 12-Month Low on Analyst Downgrade

Travis Perkins plc (LON:TPK) reached a new 52-week low on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 680 to GBX 630. JPMorgan Chase & Co. currently has an overweight rating on the stock. Travis Perkins traded as low as GBX 493.40 and last traded at GBX 507.50, with a volume of 565261 shares trading hands. The stock had previously closed at GBX 506.50.

A number of other research analysts have also recently issued reports on TPK. Citigroup lifted their price objective on shares of Travis Perkins from GBX 700 to GBX 750 and gave the company a “buy” rating in a research note on Monday, January 26th. Berenberg Bank reissued a “hold” rating and issued a GBX 620 price objective on shares of Travis Perkins in a research note on Friday, March 27th. Finally, Jefferies Financial Group decreased their price objective on shares of Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 640.80.

Insider Transactions at Travis Perkins

In related news, insider Duncan Cooper sold 6,591 shares of Travis Perkins stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of GBX 564, for a total value of £37,173.24. 0.78% of the stock is owned by company insiders.

Travis Perkins Trading Up 1.5%

The business’s 50 day simple moving average is GBX 558.78 and its two-hundred day simple moving average is GBX 610.67. The stock has a market cap of £1.12 billion, a P/E ratio of -6.33, a PEG ratio of 6.44 and a beta of 1.28. The company has a quick ratio of 0.84, a current ratio of 1.72 and a debt-to-equity ratio of 59.00.

Travis Perkins (LON:TPK) last posted its earnings results on Tuesday, March 17th. The company reported GBX 30.80 earnings per share for the quarter. Travis Perkins had a negative net margin of 3.86% and a negative return on equity of 9.35%. As a group, analysts expect that Travis Perkins plc will post 59.251837 EPS for the current year.

About Travis Perkins

Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline products, as well as supplies managed services, and commercial and industrial heating and cooling solutions. In addition, the company provides in specialist civils and drainage solutions; and air-conditioning and refrigeration products and heat pumps. Further, it provides insulation and interior building products to interior building specialists, contractors, and builders; and kitchens and joinery products.