Travis Perkins (LON:TPK) Stock Gets Price Target Increase from Jefferies Financial Group

Travis Perkins (LON:TPK) had its price target raised by research analysts at Jefferies Financial Group from GBX 443 to GBX 453 in a research note issued on Monday, Marketbeat Ratings reports. The firm presently has an “underperform” rating on the stock. Jefferies Financial Group’s price objective suggests a potential downside of 26.64% from the company’s current price.

A number of other equities analysts also recently commented on TPK. JPMorgan Chase & Co. upped their price objective 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. Peel Hunt reiterated a “buy” rating and set a GBX 660 price target on shares of Travis Perkins in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Travis Perkins from GBX 470 to GBX 550 and gave the stock a “sell” rating in a report on Wednesday, August 5th. Finally, Berenberg Bank lifted their price objective on Travis Perkins from GBX 580 to GBX 650 and gave the company a “hold” rating in a report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 628.83.

Travis Perkins Trading Down 0.4%

Shares of TPK stock opened at GBX 617.50 on Monday. The business’s 50 day moving average is GBX 615.61 and its two-hundred day moving average is GBX 574.63. Travis Perkins has a twelve month low of GBX 493.40 and a twelve month high of GBX 723.50. The company has a market capitalization of £1.31 billion, a P/E ratio of -7.57, a price-to-earnings-growth ratio of 6.44 and a beta of 1.30. The company has a current ratio of 1.66, a quick ratio of 0.84 and a debt-to-equity ratio of 56.92.

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 return on equity of 9.63% and a negative net margin of 3.81%. Equities analysts forecast that Travis Perkins will post 59.251837 EPS for the current year.

Insider Buying and Selling at Travis Perkins

In other news, insider Jeremy (Jez) Maiden acquired 1,483 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was 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 corporate insiders.

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.