Travis Perkins plc (LON:TPK) Stock Now Rated “Hold” by Sell-Side Brokerages

Travis Perkins plc (LON:TPK) has received a consensus recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 628.83.

Several research analysts have commented on the company. Peel Hunt reaffirmed a “buy” rating and set a GBX 660 target price on shares of Travis Perkins in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upped their target price on Travis Perkins from GBX 470 to GBX 550 and gave the company a “sell” rating in a report on Wednesday, August 5th. Berenberg Bank raised their price target on shares of Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Jefferies Financial Group boosted their price target on shares of Travis Perkins from GBX 443 to GBX 453 and gave the stock an “underperform” rating in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Travis Perkins from GBX 630 to GBX 710 and gave the company an “overweight” rating in a research note on Friday, August 7th.

Travis Perkins Price Performance

TPK stock opened at GBX 590.50 on Thursday. The company has a fifty day moving average price of GBX 616.59 and a 200-day moving average price of GBX 574.66. The company has a market capitalization of £1.25 billion, a P/E ratio of -7.24, a PEG ratio of 6.44 and a beta of 1.30. Travis Perkins has a 52-week low of GBX 493.40 and a 52-week 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.

Travis Perkins (LON:TPK) last issued its quarterly earnings data 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%. As a group, equities analysts expect that Travis Perkins will post 59.251837 EPS for the current year.

Insider Transactions at Travis Perkins

In other news, insider Jeremy (Jez) Maiden purchased 1,483 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were acquired at an average price 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.