Travis Perkins (LON:TPK) Price Target Cut to GBX 580 by Analysts at Berenberg Bank

Travis Perkins (LON:TPK) had its target price cut by analysts at Berenberg Bank from GBX 620 to GBX 580 in a report issued on Wednesday,London Stock Exchange reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 10.79% from the company’s previous close.

A number of other equities analysts also recently commented on TPK. JPMorgan Chase & Co. lowered their target price on shares of Travis Perkins from GBX 680 to GBX 630 and set an “overweight” rating for the company in a research note on Tuesday, May 19th. Jefferies Financial Group cut their price target on 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 analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 632.80.

Travis Perkins Stock Down 4.7%

TPK stock opened at GBX 523.50 on Wednesday. Travis Perkins has a fifty-two week low of GBX 493.40 and a fifty-two week high of GBX 723.50. The company’s 50 day moving average price is GBX 540.37 and its 200 day moving average price is GBX 596.06. The company has a debt-to-equity ratio of 59.00, a quick ratio of 0.84 and a current ratio of 1.72. The firm has a market capitalization of £1.11 billion, a price-to-earnings ratio of -6.28, a PEG ratio of 6.44 and a beta of 1.28.

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.