Travis Perkins’ (TPK) “Underperform” Rating Reiterated at Jefferies Financial Group

Travis Perkins (LON:TPK)‘s stock had its “underperform” rating reaffirmed by equities researchers at Jefferies Financial Group in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 453 target price on the stock. Jefferies Financial Group’s price objective indicates a potential downside of 23.87% from the company’s previous close.

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

Travis Perkins Stock Up 0.4%

Shares of LON:TPK opened at GBX 595 on Tuesday. The company has a fifty day moving average of GBX 612.79 and a 200-day moving average of GBX 574.50. The company has a market capitalization of £1.26 billion, a PE ratio of -7.29, a price-to-earnings-growth ratio of 6.44 and a beta of 1.30. The company has a debt-to-equity ratio of 56.92, a quick ratio of 0.84 and a current ratio of 1.66. Travis Perkins has a 52-week low of GBX 493.40 and a 52-week high of GBX 723.50.

Travis Perkins (LON:TPK) last announced its quarterly earnings results on Tuesday, August 4th. The company reported GBX 15.10 EPS for the quarter. Travis Perkins had a negative return on equity of 9.63% and a negative net margin of 3.81%. On average, equities analysts predict that Travis Perkins will post 59.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jeremy (Jez) Maiden purchased 1,483 shares of the 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. Corporate insiders own 0.79% of the company’s stock.

Travis Perkins Company Profile

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.