Travis Perkins (LON:TPK) Stock Keeps Underperform Rating at Jefferies Financial Group

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

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

Travis Perkins Stock Performance

Shares of TPK stock traded up GBX 4.50 during mid-day trading on Tuesday, reaching GBX 597. The stock had a trading volume of 1,759,158 shares, compared to its average volume of 2,558,019. The firm’s 50 day simple moving average is GBX 611.21 and its 200 day simple moving average is GBX 574.65. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 56.92. Travis Perkins has a one year low of GBX 493.40 and a one year high of GBX 723.50. The firm has a market cap of £1.26 billion, a PE ratio of -7.32, a P/E/G ratio of 6.44 and a beta of 1.30.

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

Insider Buying and Selling

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 stock was acquired at an average cost of GBX 669 per share, with a total value 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.