Travis Perkins (LON:TPK) Rating Reiterated by Barclays

Travis Perkins (LON:TPK – Get Rating)‘s stock had its “equal weight” rating restated by analysts at Barclays in a report issued on Thursday, Marketbeat reports. They currently have a GBX 965 ($12.00) price objective on the stock. Barclays‘s price objective would indicate a potential upside of 8.01% from the stock’s previous close.

A number of other research firms have also weighed in on TPK. Shore Capital restated a “sell” rating on shares of Travis Perkins in a research note on Monday, March 6th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 820 ($10.20) price target on shares of Travis Perkins in a report on Wednesday, March 1st. Peel Hunt reaffirmed an “add” rating and issued a GBX 1,030 ($12.81) price target on shares of Travis Perkins in a report on Tuesday, February 28th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 1,250 ($15.55) price target on shares of Travis Perkins in a report on Wednesday, March 1st. Finally, Jefferies Financial Group upped their price target on Travis Perkins from GBX 931 ($11.58) to GBX 1,048 ($13.03) and gave the company a “hold” rating in a report on Wednesday, March 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 1,090.38 ($13.56).

Travis Perkins Stock Up 0.3 %

Shares of TPK stock traded up GBX 3.02 ($0.04) during trading hours on Thursday, reaching GBX 893.42 ($11.11). 223,560 shares of the stock were exchanged, compared to its average volume of 654,070. The business’s fifty day moving average is GBX 934.95 and its two-hundred day moving average is GBX 959.47. The company has a debt-to-equity ratio of 50.15, a current ratio of 1.48 and a quick ratio of 0.84. Travis Perkins has a 12-month low of GBX 707.80 ($8.80) and a 12-month high of GBX 1,240 ($15.42). The firm has a market capitalization of £1.90 billion, a P/E ratio of 1,015.45, a P/E/G ratio of 6.44 and a beta of 1.46.

Insider Buying and Selling

In related news, insider Jasmine Whitbread purchased 2,132 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was purchased at an average cost of GBX 931 ($11.58) per share, with a total value of £19,848.92 ($24,687.71). Corporate insiders own 3.20% of the company’s stock.

About Travis Perkins

(Get Rating)

Travis Perkins plc distributes building materials to the building, construction, and home improvement markets in the United Kingdom. It operates through, Merchanting, and Toolstation segments. The Merchanting segment distributes interior building products, which include drywalls, ceilings, external envelopes, fire protection products, flooring and partitioning products, and tools and accessories to professionals within the construction industry; civil, drainage, and heavy building materials to specialist contractors and trade professionals; and pipeline and heating solutions.