Peel Hunt Reiterates “Buy” Rating for Travis Perkins (LON:TPK)

Travis Perkins (LON:TPK)‘s stock had its “buy” rating reissued by stock analysts at Peel Hunt in a research note issued to investors on Tuesday,Digital Look reports. They currently have a GBX 660 price objective on the stock. Peel Hunt’s target price suggests a potential downside of 2.80% from the stock’s previous close.

A number of other brokerages also recently commented on TPK. JPMorgan Chase & Co. reduced their target price on shares of 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 lowered their price target on shares of Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating on the stock in a report on Monday, April 20th. Finally, Berenberg Bank cut their price objective on shares of Travis Perkins from GBX 620 to GBX 580 and set a “hold” rating on the stock in a research report on Wednesday, July 8th. Three research 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 616.80.

Travis Perkins Trading Up 18.5%

TPK opened at GBX 679 on Tuesday. The firm has a market cap of £1.44 billion, a price-to-earnings ratio of -8.15, a PEG 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. The stock has a fifty day moving average price of GBX 550.64 and a 200-day moving average price of GBX 584.66.

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 return on equity of 9.35% and a negative net margin of 3.86%. As a group, equities research analysts anticipate that Travis Perkins will post 59.251837 earnings per share for the current fiscal year.

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.