Insider Buying: Travis Perkins (LON:TPK) Insider Purchases 1,483 Shares

Travis Perkins plc (LON:TPK) insider Jeremy (Jez) Maiden purchased 1,483 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was bought at an average price of GBX 669 per share, with a total value of £9,921.27.

Travis Perkins Stock Down 1.1%

Shares of TPK stock traded down GBX 7.70 during trading hours on Monday, hitting GBX 668. 1,036,951 shares of the company were exchanged, compared to its average volume of 3,047,594. 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 plc has a one year low of GBX 493.40 and a one year high of GBX 723.50. The business’s 50-day simple moving average is GBX 561.13 and its two-hundred day simple moving average is GBX 585.01. The stock has a market capitalization of £1.42 billion, a price-to-earnings ratio of -8.02, a P/E/G ratio of 6.44 and a beta of 1.28.

Travis Perkins (LON:TPK) last issued 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%. Sell-side analysts predict that Travis Perkins plc will post 59.251837 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on TPK. Berenberg Bank raised their target price on Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Travis Perkins from GBX 470 to GBX 550 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. boosted 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. Peel Hunt reiterated a “buy” rating and set a GBX 660 price objective on shares of Travis Perkins in a report on Tuesday, August 4th. Finally, Jefferies Financial Group restated an “underperform” rating and issued a GBX 443 target price on shares of Travis Perkins in a research note on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 627.17.

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.