Travis Perkins (LON:TPK) Price Target Raised to GBX 605

Travis Perkins (LON:TPK) had its price objective upped by Jefferies Financial Group from GBX 600 to GBX 605 in a report issued on Wednesday morning, Marketbeat reports. They currently have a hold rating on the stock.

Several other research analysts also recently weighed in on TPK. Berenberg Bank reissued a “hold” rating and issued a GBX 650 target price on shares of Travis Perkins in a research note on Monday, September 8th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 670 target price on shares of Travis Perkins in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 641.67.

Travis Perkins Trading Up 2.1%

LON:TPK opened at GBX 647 on Wednesday. The company has a market capitalization of £1.37 billion, a PE ratio of -2,450.76, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 48.33. Travis Perkins has a 52-week low of GBX 477.37 and a 52-week high of GBX 938.50. The stock has a fifty day simple moving average of GBX 588.59 and a 200-day simple moving average of GBX 583.97.

Travis Perkins (LON:TPK) last announced its earnings results on Tuesday, August 5th. The company reported GBX 13.30 earnings per share for the quarter. Travis Perkins had a negative net margin of 0.37% and a negative return on equity of 0.85%. On average, equities research analysts expect that Travis Perkins will post 59.251837 earnings per share 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.