Deutsche Bank Aktiengesellschaft Increases Travis Perkins (LON:TPK) Price Target to GBX 550

Travis Perkins (LON:TPK) had its price objective lifted by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 470 to GBX 550 in a report issued on Wednesday,Digital Look reports. The brokerage presently has a “sell” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential downside of 17.48% from the stock’s current price.

A number of other equities research analysts also recently weighed in on TPK. JPMorgan Chase & Co. dropped their target price on Travis Perkins from GBX 680 to GBX 630 and set an “overweight” rating for the company in a report on Tuesday, May 19th. Berenberg Bank increased their price target on Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a research report on Wednesday. Jefferies Financial Group restated an “underperform” rating and set a GBX 443 price objective on shares of Travis Perkins in a research note on Wednesday. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 660 target price on shares of Travis Perkins in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 613.83.

Travis Perkins Stock Performance

LON:TPK traded down GBX 12 on Wednesday, hitting GBX 666.50. The company’s stock had a trading volume of 1,231,204 shares, compared to its average volume of 3,090,556. The company has a current ratio of 1.72, a quick ratio of 0.84 and a debt-to-equity ratio of 59.00. Travis Perkins has a one year low of GBX 493.40 and a one year high of GBX 723.50. The stock has a fifty day moving average of GBX 553.41 and a two-hundred day moving average of GBX 584.87. The firm has a market capitalization of £1.41 billion, a P/E ratio of -8.00, a price-to-earnings-growth ratio of 6.44 and a beta of 1.28.

Travis Perkins (LON:TPK) last released its quarterly earnings data on Tuesday, August 4th. The company reported GBX 15.10 EPS for the quarter. Travis Perkins had a negative net margin of 3.86% and a negative return on equity of 9.35%. Research analysts predict that Travis Perkins will post 59.251837 earnings per share for the current year.

Travis Perkins News Roundup

Here are the key news stories impacting Travis Perkins this week:

• Positive Sentiment: First-half profit increased as price increases and cost-cutting measures offset challenging market conditions. Management also highlighted operational progress and an improving balance sheet, supporting the turnaround narrative. Reuters article
• Positive Sentiment: Improved margins were the main catalyst behind the market’s favorable reaction. Reports said the company is moving in the right direction operationally, even though a broader recovery in merchanting has yet to arrive. Investors’ Chronicle article
• Positive Sentiment: Peel Hunt reaffirmed its “buy” rating and set a GBX 660 price target, indicating continued confidence in Travis Perkins’ recovery and margin-improvement strategy. Digital Look broker note

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.