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

Travis Perkins (LON:TPK)‘s stock had its “underperform” rating reaffirmed by investment 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 would indicate a potential downside of 24.12% from the company’s current price.

Several other brokerages also recently commented on TPK. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Travis Perkins from GBX 470 to GBX 550 and gave the company a “sell” rating in a research report on Wednesday, August 5th. Peel Hunt reiterated a “buy” rating and set a GBX 660 target price on shares of Travis Perkins in a research report on Tuesday, August 4th. Berenberg Bank lifted their target price on Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. raised their price objective on 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 assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 628.83.

Travis Perkins Stock Performance

Shares of LON:TPK traded up GBX 4.50 on Tuesday, reaching GBX 597. 1,759,158 shares of the company’s stock were exchanged, compared to its average volume of 2,558,019. The company has a fifty day moving average of GBX 612.79 and a 200-day moving average of GBX 574.50. Travis Perkins has a twelve month low of GBX 493.40 and a twelve month high of GBX 723.50. The company has a market capitalization of £1.26 billion, a price-to-earnings ratio of -7.32, a PEG ratio of 6.44 and a beta of 1.30. The company has a current ratio of 1.66, a quick ratio of 0.84 and a debt-to-equity ratio of 56.92.

Travis Perkins (LON:TPK) last announced 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%. On average, research analysts predict that Travis Perkins will post 59.25 EPS for the current fiscal year.

Insider Transactions at Travis Perkins

In other news, insider Jeremy (Jez) Maiden acquired 1,483 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was purchased 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.

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.