Travis Perkins plc (LON:TPK) Receives GBX 627.17 Average PT from Brokerages

Shares of Travis Perkins plc (LON:TPK) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 627.17.

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

Travis Perkins Trading Down 3.0%

LON TPK opened at GBX 632 on Friday. The firm’s fifty day moving average is GBX 597.51 and its two-hundred day moving average is GBX 584.39. Travis Perkins has a one year low of GBX 493.40 and a one year high of GBX 723.50. The company has a debt-to-equity ratio of 56.92, a quick ratio of 0.84 and a current ratio of 1.66. The firm has a market cap of £1.34 billion, a PE ratio of -7.59, a P/E/G ratio of 6.44 and a beta of 1.28.

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

Insider Buying and Selling at Travis Perkins

In other Travis Perkins news, insider Jeremy (Jez) Maiden bought 1,483 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average cost of GBX 669 per share, for a total transaction 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.