Travis Perkins plc (LON:TPK) Stock Has Consensus Target Price of GBX 628.83

Shares of Travis Perkins plc (LON:TPK) have earned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings 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 twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 628.83.

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Travis Perkins from GBX 630 to GBX 710 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 453 price objective on shares of Travis Perkins in a research note on Tuesday, October 13th. Berenberg Bank lifted their price objective on shares of Travis Perkins from GBX 580 to GBX 650 and gave the company a “hold” rating in a report on Wednesday, August 5th. Peel Hunt restated a “buy” rating and issued a GBX 660 price objective on shares of Travis Perkins in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Travis Perkins from GBX 470 to GBX 550 and gave the stock a “sell” rating in a research note on Wednesday, August 5th.

Travis Perkins Price Performance

TPK stock opened at GBX 609.50 on Monday. The business’s fifty day moving average price is GBX 607.71 and its 200 day moving average price is GBX 575.62. Travis Perkins has a 12-month low of GBX 493.40 and a 12-month high of GBX 723.50. The company has a current ratio of 1.66, a quick ratio of 0.84 and a debt-to-equity ratio of 56.92. The company has a market capitalization of £1.29 billion, a PE ratio of -7.47, a P/E/G ratio of 6.44 and a beta of 1.30.

Travis Perkins (LON:TPK) last announced its earnings results 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%. On average, sell-side analysts anticipate that Travis Perkins will post 59.25 EPS for the current year.

Insider Buying and Selling

In other Travis Perkins news, insider Jeremy (Jez) Maiden purchased 1,483 shares of the company’s stock in a transaction on Thursday, August 6th. The stock was acquired at an average price of GBX 669 per share, for a total transaction of £9,921.27. 0.79% of the stock is owned by corporate insiders.

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.