Travis Perkins plc (LON:TPK) Receives Average Recommendation of “Hold” from Brokerages

Travis Perkins plc (LON:TPK) has been given an average rating of “Hold” by the six ratings firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 627.17.

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

Insider Activity at Travis Perkins

In other news, insider Jeremy (Jez) Maiden acquired 1,483 shares of Travis Perkins stock in a transaction dated Thursday, August 6th. The shares were purchased at an average cost of GBX 669 per share, for a total transaction of £9,921.27. Company insiders own 0.79% of the company’s stock.

Travis Perkins Stock Performance

LON:TPK opened at GBX 656.50 on Wednesday. The stock has a market cap of £1.39 billion, a P/E ratio of -7.88, a PEG ratio of 6.44 and a beta of 1.28. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 56.92. The business’s 50-day moving average price is GBX 566.49 and its two-hundred day moving average price is GBX 585.23. Travis Perkins has a twelve month low of GBX 493.40 and a twelve month high of GBX 723.50.

Travis Perkins (LON:TPK) last issued its quarterly earnings data on Tuesday, August 4th. The company reported GBX 15.10 EPS for the quarter. Travis Perkins had a negative return on equity of 9.63% and a negative net margin of 3.81%. As a group, equities analysts predict that Travis Perkins will post 59.251837 EPS for the current fiscal year.

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.