Travis Perkins (LON:TPK) Earns Underperform Rating from Jefferies Financial Group

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

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their price target on shares of Travis Perkins from GBX 630 to GBX 710 and gave the stock an “overweight” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Travis Perkins from GBX 470 to GBX 550 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Berenberg Bank increased their price objective on Travis Perkins from GBX 580 to GBX 650 and gave the company a “hold” rating in a report on Wednesday, August 5th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 660 price objective on shares of Travis Perkins in a report on Tuesday, August 4th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Travis Perkins presently has an average rating of “Hold” and an average price target of GBX 628.83.

Travis Perkins Stock Performance

Shares of TPK stock opened at GBX 597 on Tuesday. The company has a debt-to-equity ratio of 56.92, a quick ratio of 0.84 and a current ratio of 1.66. The firm has a market cap of £1.26 billion, a price-to-earnings ratio of -7.32, a P/E/G ratio of 6.44 and a beta of 1.30. Travis Perkins has a 52 week low of GBX 493.40 and a 52 week high of GBX 723.50. The firm’s 50-day simple moving average is GBX 611.21 and its two-hundred day simple moving average is GBX 574.65.

Travis Perkins (LON:TPK) last released its earnings results on Tuesday, August 4th. The company reported GBX 15.10 earnings per share 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 forecast that Travis Perkins will post 59.25 earnings per share for the current year.

Insiders Place Their Bets

In other Travis Perkins news, insider Jeremy (Jez) Maiden bought 1,483 shares of the business’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average price of GBX 669 per share, for a total transaction of £9,921.27. 0.79% of the stock is owned by corporate insiders.

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.