Travis Perkins plc (LON:TPK) Receives GBX 627.17 Average Price Target from Analysts

Travis Perkins plc (LON:TPK) has been assigned an average recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 627.17.

TPK has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their target price on 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 restated a “buy” rating and set a GBX 660 price target on shares of Travis Perkins in a report on Tuesday, August 4th. Berenberg Bank upped their price objective on Travis Perkins from GBX 580 to GBX 650 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 443 price objective on shares of Travis Perkins in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Travis Perkins from GBX 630 to GBX 710 and gave the stock an “overweight” rating in a research report on Friday, August 7th.

Travis Perkins Stock Performance

LON TPK opened at GBX 610.50 on Friday. The firm’s fifty day moving average price is GBX 598.98 and its two-hundred day moving average price is GBX 582.99. The stock has a market cap of £1.29 billion, a PE ratio of -7.33, a PEG ratio of 6.44 and a beta of 1.28. 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 has a fifty-two week low of GBX 493.40 and a fifty-two week high of GBX 723.50.

Travis Perkins (LON:TPK) last announced its quarterly earnings results on Tuesday, August 4th. The company reported GBX 15.10 EPS for the quarter. Travis Perkins had a negative return on equity of 9.63% and a negative net margin of 3.81%. On average, equities analysts expect that Travis Perkins will post 59.251837 EPS for the current fiscal year.

Insider Activity

In other Travis Perkins news, insider Jeremy (Jez) Maiden purchased 1,483 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were bought 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.

About Travis Perkins

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.