JPMorgan Chase & Co. Has Lowered Expectations for Travis Perkins (LON:TPK) Stock Price

Travis Perkins (LON:TPK) had its target price lowered by investment analysts at JPMorgan Chase & Co. from GBX 680 to GBX 630 in a research note issued on Tuesday,Digital Look reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 22.81% from the company’s previous close.

TPK has been the subject of a number of other research reports. Citigroup upped their price objective on Travis Perkins from GBX 700 to GBX 750 and gave the company a “buy” rating in a report on Monday, January 26th. Jefferies Financial Group dropped their price objective on Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating for the company in a report on Monday, April 20th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 620 price objective on shares of Travis Perkins in a report on Friday, March 27th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 640.80.

Travis Perkins Trading Up 1.1%

LON TPK opened at GBX 513 on Tuesday. The stock has a 50-day simple moving average of GBX 562.24 and a 200 day simple moving average of GBX 612.51. The company has a market capitalization of £1.09 billion, a PE ratio of -6.16, a P/E/G ratio of 6.44 and a beta of 1.28. The company has a current ratio of 1.72, a quick ratio of 0.84 and a debt-to-equity ratio of 59.00. Travis Perkins has a 12 month low of GBX 493.40 and a 12 month high of GBX 723.50.

Travis Perkins (LON:TPK) last released its quarterly earnings data on Tuesday, March 17th. The company reported GBX 30.80 EPS for the quarter. Travis Perkins had a negative return on equity of 9.35% and a negative net margin of 3.86%. Research analysts forecast that Travis Perkins will post 59.251837 EPS for the current year.

Insider Activity

In other Travis Perkins news, insider Duncan Cooper sold 6,591 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of GBX 564, for a total value of £37,173.24. 0.78% of the stock is owned by company 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.