Travis Perkins plc (LON:TPK) Given Average Rating of “Hold” by Analysts

Shares of Travis Perkins plc (LON:TPK) have been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 613.83.

Several research firms have recently commented on TPK. JPMorgan Chase & Co. cut their price objective on Travis Perkins from GBX 680 to GBX 630 and set an “overweight” rating for the company in a report on Tuesday, May 19th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 443 target price on shares of Travis Perkins in a research note on Wednesday. Berenberg Bank lifted their price objective on shares of Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a research report on Wednesday. Peel Hunt reiterated a “buy” rating and issued a GBX 660 target price on shares of Travis Perkins in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Travis Perkins from GBX 470 to GBX 550 and gave the company a “sell” rating in a research note on Wednesday.

Key Headlines Impacting Travis Perkins

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

• Positive Sentiment: First-half profit increased as price increases, cost reductions and operational improvements more than offset soft construction-market demand. Management also highlighted stronger margins and a healthier balance sheet. UK’s Travis Perkins posts half-year profit rise on price hikes
• Positive Sentiment: The results suggest the turnaround is progressing, with margin gains and cost savings helping Travis Perkins navigate lower revenue. However, the recovery in its merchanting operations remains delayed. Travis Perkins H1 revenues drop but shares rally on turnaround signs
• Positive Sentiment: Peel Hunt reaffirmed its “buy” rating and set a GBX 660 price target, broadly reflecting confidence in the company’s operational improvements. Peel Hunt broker rating
• Neutral Sentiment: Berenberg raised its price target from GBX 580 to GBX 650 but retained a “hold” rating, indicating that much of the recovery may already be reflected in the valuation. Berenberg broker rating
• Negative Sentiment: Deutsche Bank increased its target from GBX 470 to GBX 550 but moved to a “sell” rating, while Jefferies reaffirmed “underperform” with a GBX 443 target. Their views point to concerns about valuation, still-muted demand and the sustainability of margin gains. Broker rating updates
• Negative Sentiment: Revenue declined and the company continues to report a negative net margin and negative return on equity, underscoring that the turnaround is incomplete despite the first-half profit improvement.

Travis Perkins Trading Down 1.8%

LON:TPK traded down GBX 12 during mid-day trading on Wednesday, hitting GBX 666.50. The company had a trading volume of 189,368,641 shares, compared to its average volume of 4,344,806. Travis Perkins has a fifty-two week low of GBX 493.40 and a fifty-two week high of GBX 723.50. The company has a debt-to-equity ratio of 59.00, a quick ratio of 0.84 and a current ratio of 1.72. The firm has a market cap of £1.41 billion, a P/E ratio of -8.00, a P/E/G ratio of 6.44 and a beta of 1.28. The business’s fifty day moving average is GBX 553.41 and its two-hundred day moving average is GBX 584.87.

Travis Perkins (LON:TPK) last posted 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%. As a group, research analysts expect that Travis Perkins will post 59.251837 earnings per share for the current year.

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.