JPMorgan Chase & Co. Cuts Travis Perkins (LON:TPK) Price Target to GBX 680

Travis Perkins (LON:TPK) had its price objective decreased by JPMorgan Chase & Co. from GBX 712 to GBX 680 in a research note published on Tuesday, MarketBeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities research analysts have also commented on TPK. Jefferies Financial Group reduced their price target on Travis Perkins from GBX 531 to GBX 507 and set an “underperform” rating on the stock in a research report on Thursday, March 19th. Citigroup raised their price objective on Travis Perkins from GBX 700 to GBX 750 and gave the stock a “buy” rating in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Travis Perkins currently has an average rating of “Hold” and an average price target of GBX 665.40.

Travis Perkins Trading Up 0.9%

TPK opened at GBX 573 on Tuesday. The company has a debt-to-equity ratio of 59.00, a current ratio of 1.72 and a quick ratio of 0.84. Travis Perkins has a fifty-two week low of GBX 477.37 and a fifty-two week high of GBX 723.50. The company’s 50 day moving average price is GBX 644.22 and its two-hundred day moving average price is GBX 626.26. The firm has a market capitalization of £1.21 billion, a price-to-earnings ratio of -21.70, a PEG ratio of 6.44 and a beta of 1.31.

Travis Perkins (LON:TPK) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 30.80 EPS for the quarter. Travis Perkins had a negative net margin of 3.86% and a negative return on equity of 9.35%. As a group, research analysts predict that Travis Perkins will post 59.251837 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Duncan Cooper sold 6,591 shares of Travis Perkins stock in a transaction on Thursday, March 19th. The shares were sold at an average price of GBX 564, for a total transaction of £37,173.24. 0.78% of the stock is owned by corporate insiders.

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.