Berenberg Bank Cuts Travis Perkins (LON:TPK) Price Target to GBX 580

Travis Perkins (LON:TPK) had its price target dropped by investment analysts at Berenberg Bank from GBX 620 to GBX 580 in a report issued on Wednesday,London Stock Exchange reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 10.79% from the stock’s current price.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. dropped their price objective on Travis Perkins from GBX 680 to GBX 630 and set an “overweight” rating for the company in a research note on Tuesday, May 19th. Jefferies Financial Group lowered their price objective on shares of Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 632.80.

Travis Perkins Stock Performance

Shares of TPK stock opened at GBX 523.50 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 0.84 and a debt-to-equity ratio of 59.00. The stock has a 50 day simple moving average of GBX 540.37 and a 200-day simple moving average of GBX 596.06. The company has a market cap of £1.11 billion, a price-to-earnings ratio of -6.28, a price-to-earnings-growth ratio of 6.44 and a beta of 1.28. Travis Perkins has a 12-month low of GBX 493.40 and a 12-month high of GBX 723.50.

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.