Travis Perkins (LON:TPK) Earns Sell Rating from UBS Group
UBS Group reissued their sell rating on shares of Travis Perkins (LON:TPK) in a report issued on Monday morning, ThisIsMoney.Co.Uk reports.
Several other research firms have also commented on TPK. Citigroup reduced their price target on shares of Travis Perkins from GBX 1,900 ($24.99) to GBX 1,860 ($24.47) and set a buy rating on the stock in a research report on Friday, March 6th. Royal Bank of Canada lowered shares of Travis Perkins to a sector performer rating and reduced their price target for the company from GBX 1,600 ($21.05) to GBX 1,550 ($20.39) in a research report on Friday, January 10th. Liberum Capital reaffirmed a buy rating on shares of Travis Perkins in a research report on Friday, March 20th. Canaccord Genuity reduced their price target on shares of Travis Perkins from GBX 1,720 ($22.63) to GBX 1,700 ($22.36) and set a hold rating on the stock in a research report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Travis Perkins in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average price target of GBX 1,621.45 ($21.33).
TPK stock opened at GBX 894.20 ($11.76) on Monday. The firm has a market cap of $2.29 billion and a PE ratio of 18.48. The company has a debt-to-equity ratio of 77.14, a quick ratio of 0.71 and a current ratio of 1.30. The firm’s 50 day moving average price is GBX 1,355.19 and its 200-day moving average price is GBX 1,457.56. Travis Perkins has a one year low of GBX 573.80 ($7.55) and a one year high of GBX 1,841 ($24.22).
In related news, insider Marianne Culver bought 36 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was purchased at an average price of GBX 1,498 ($19.71) per share, for a total transaction of £539.28 ($709.39).
Travis Perkins Company Profile
Travis Perkins plc supplies building and home improvement products in the United Kingdom. The company's General Merchanting division supplies products for various types of repair, maintenance, and improvement projects, as well as new residential and commercial construction. This division serves sole traders and national housebuilders under the Travis Perkins and Benchmarx brands.
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