Travis Perkins (LON:TPK) Hits New 12-Month High – Should You Buy?

Travis Perkins plc (LON:TPK) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 711 and last traded at GBX 711, with a volume of 303165 shares changing hands. The stock had previously closed at GBX 684.50.

Analyst Ratings Changes

TPK has been the topic of several research reports. Citigroup upped their price objective on Travis Perkins from GBX 700 to GBX 750 and gave the stock a “buy” rating in a report on Monday, January 26th. Jefferies Financial Group dropped their target price on Travis Perkins from GBX 605 to GBX 594 and set a “hold” rating for the company in a research report on Monday, October 20th. Peel Hunt reaffirmed a “buy” rating and set a GBX 740 price target on shares of Travis Perkins in a research note on Thursday, October 16th. Finally, JPMorgan Chase & Co. decreased their price target on Travis Perkins from GBX 720 to GBX 712 and set an “overweight” rating on the stock in a report on Monday, January 26th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 689.20.

Travis Perkins Price 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 company has a market capitalization of £1.51 billion, a price-to-earnings ratio of -27.05, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The company has a 50-day moving average price of GBX 642.21 and a 200-day moving average price of GBX 616.71.

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.