Travis Perkins (LON:TPK) Trading 6.7% Higher – Here’s Why

Travis Perkins plc (LON:TPK)’s share price traded up 6.7% during trading on Wednesday . The company traded as high as GBX 655.50 ($8.76) and last traded at GBX 648.35 ($8.66). 4,115,632 shares changed hands during mid-day trading, an increase of 135% from the average session volume of 1,751,510 shares. The stock had previously closed at GBX 607.50 ($8.12).

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TPK shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Travis Perkins in a research note on Friday, October 17th. Peel Hunt reissued a “buy” rating and set a GBX 740 target price on shares of Travis Perkins in a research note on Thursday, October 16th. Jefferies Financial Group decreased their target price on shares of Travis Perkins from GBX 605 to GBX 594 and set a “hold” rating for the company in a research note on Monday. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 650 target price on shares of Travis Perkins in a research note on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 663.50.

Travis Perkins Stock Performance

The company has a debt-to-equity ratio of 48.33, a quick ratio of 0.84 and a current ratio of 1.65. The firm’s 50 day moving average is GBX 602.08 and its 200-day moving average is GBX 590.69. The firm has a market cap of £1.38 billion, a price-to-earnings ratio of -24.78, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52.

Travis Perkins (LON:TPK) last released its quarterly earnings data on Tuesday, August 5th. The company reported GBX 13.30 earnings per share (EPS) for the quarter. Travis Perkins had a negative net margin of 0.37% and a negative return on equity of 0.85%. Sell-side analysts anticipate that Travis Perkins plc will post 59.251837 earnings per share for the current fiscal year.

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.