Travis Perkins (LON:TPK) Hits New 12-Month Low – Here’s Why

Travis Perkins plc (LON:TPK) reached a new 52-week low on Tuesday . The stock traded as low as GBX 655.50 ($8.02) and last traded at GBX 658.50 ($8.06), with a volume of 1632352 shares changing hands. The stock had previously closed at GBX 662 ($8.10).

Analysts Set New Price Targets

Several research firms have recently weighed in on TPK. Berenberg Bank boosted their target price on Travis Perkins from GBX 800 ($9.79) to GBX 880 ($10.77) and gave the company a “hold” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. cut their target price on Travis Perkins from GBX 1,000 ($12.24) to GBX 910 ($11.14) and set an “overweight” rating on the stock in a research report on Thursday, December 5th.

Travis Perkins Stock Down 0.1 %

The company has a 50-day simple moving average of GBX 743.08 and a 200 day simple moving average of GBX 837.58. The company has a market cap of £1.46 billion, a P/E ratio of -8,662.50, a P/E/G ratio of 6.44 and a beta of 1.52. The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 52.98.

Insider Buying and Selling at Travis Perkins

In other news, insider Pete Redfern purchased 249,218 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average price of GBX 803 ($9.83) per share, with a total value of £2,001,220.54 ($2,449,474.35). Also, insider Duncan Cooper purchased 2,945 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were purchased at an average cost of GBX 840 ($10.28) per share, for a total transaction of £24,738 ($30,279.07). 3.63% of the stock is currently owned by corporate 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.