Travis Perkins plc (LON:TPK) Stock Has Average Price Target of GBX 627.17

Travis Perkins plc (LON:TPK) has earned a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 627.17.

A number of research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Travis Perkins from GBX 470 to GBX 550 and gave the company a “sell” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. increased their price target on Travis Perkins from GBX 630 to GBX 710 and gave the company an “overweight” rating in a research note on Friday, August 7th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 443 price target on shares of Travis Perkins in a research report on Wednesday, August 5th. Berenberg Bank boosted their price objective on Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 660 price objective on shares of Travis Perkins in a research note on Tuesday, August 4th.

Travis Perkins Stock Performance

Shares of TPK opened at GBX 598.50 on Thursday. The firm has a market capitalization of £1.27 billion, a PE ratio of -7.33, a P/E/G ratio of 6.44 and a beta of 1.30. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 56.92. The firm has a 50-day moving average price of GBX 612.93 and a 200 day moving average price of GBX 574.57. Travis Perkins has a 52-week low of GBX 493.40 and a 52-week high of GBX 723.50.

Travis Perkins (LON:TPK) last released its quarterly 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, sell-side analysts anticipate that Travis Perkins will post 59.251837 earnings per share for the current fiscal year.

Insider Transactions at Travis Perkins

In other news, insider Jeremy (Jez) Maiden bought 1,483 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of GBX 669 per share, with a total value of £9,921.27. 0.79% of the stock is currently owned by insiders.

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.