Travis Perkins (LON:TPK) Price Target Raised to GBX 453

Travis Perkins (LON:TPK) had its target price increased by Jefferies Financial Group from GBX 443 to GBX 453 in a research note released on Monday, MarketBeat reports. Jefferies Financial Group currently has an underperform rating on the stock.

Several other research analysts have also commented on the stock. Peel Hunt reiterated a “buy” rating and set a GBX 660 price objective on shares of Travis Perkins in a research note on Tuesday, August 4th. Berenberg Bank lifted their target price on Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price target on shares of Travis Perkins from GBX 630 to GBX 710 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Travis Perkins from GBX 470 to GBX 550 and gave the stock a “sell” rating in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 628.83.

Travis Perkins Price Performance

Shares of TPK stock opened at GBX 610.50 on Monday. The company has a debt-to-equity ratio of 56.92, a current ratio of 1.66 and a quick ratio of 0.84. The company has a market capitalization of £1.29 billion, a P/E ratio of -7.48, a P/E/G ratio of 6.44 and a beta of 1.30. The company’s 50-day simple moving average is GBX 616.59 and its two-hundred day simple moving average is GBX 574.66. Travis Perkins has a one year low of GBX 493.40 and a one year high of GBX 723.50.

Travis Perkins (LON:TPK) last posted its quarterly earnings results on Tuesday, August 4th. The company reported GBX 15.10 EPS for the quarter. Travis Perkins had a negative net margin of 3.81% and a negative return on equity of 9.63%. As a group, equities analysts anticipate that Travis Perkins will post 59.251837 EPS for the current year.

Insider Activity

In other news, insider Jeremy (Jez) Maiden acquired 1,483 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average cost of GBX 669 per share, for a total transaction of £9,921.27. Corporate insiders own 0.79% of the company’s stock.

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.