Jefferies Financial Group Reaffirms Underperform Rating for Travis Perkins (LON:TPK)

Travis Perkins (LON:TPK)‘s stock had its “underperform” rating reaffirmed by analysts at Jefferies Financial Group in a note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 453 price target on the stock. Jefferies Financial Group’s price target indicates a potential downside of 24.12% from the company’s current price.

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

Travis Perkins Price Performance

Shares of TPK traded up GBX 4.50 during trading hours on Tuesday, reaching GBX 597. 1,759,158 shares of the company traded hands, compared to its average volume of 2,558,019. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 56.92. The stock has a market capitalization of £1.26 billion, a PE ratio of -7.32, a price-to-earnings-growth ratio of 6.44 and a beta of 1.30. The stock has a fifty day simple moving average of GBX 612.79 and a 200 day simple moving average of GBX 574.50. Travis Perkins has a fifty-two week low of GBX 493.40 and a fifty-two week high of GBX 723.50.

Travis Perkins (LON:TPK) last released its 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, research analysts predict that Travis Perkins will post 59.25 EPS for the current fiscal year.

Insider Activity

In other Travis Perkins news, insider Jeremy (Jez) Maiden purchased 1,483 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average price of GBX 669 per share, for a total transaction of £9,921.27. 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.