Travis Perkins plc (LON:TPK) Receives GBX 627.17 Average PT from Analysts

Travis Perkins plc (LON:TPK) has been given a consensus rating of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 627.17.

A number of equities research analysts have weighed in on the company. Berenberg Bank lifted their target price on Travis Perkins from GBX 580 to GBX 650 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Jefferies Financial Group reissued an “underperform” rating and set a GBX 443 target price on shares of Travis Perkins in a research report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price target on shares of Travis Perkins from GBX 630 to GBX 710 and gave the company an “overweight” rating in a report on Friday, August 7th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 660 price target on shares of Travis Perkins in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Travis Perkins from GBX 470 to GBX 550 and gave the company a “sell” rating in a research note on Wednesday, August 5th.

Insider Transactions at Travis Perkins

In other Travis Perkins news, insider Jeremy (Jez) Maiden bought 1,483 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of GBX 669 per share, for a total transaction of £9,921.27. Corporate insiders own 0.79% of the company’s stock.

Travis Perkins Price Performance

Travis Perkins stock opened at GBX 617.62 on Friday. Travis Perkins has a 52-week low of GBX 493.40 and a 52-week high of GBX 723.50. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 56.92. The firm’s fifty day moving average is GBX 599.82 and its 200 day moving average is GBX 583.23. The company has a market cap of £1.31 billion, a price-to-earnings ratio of -7.41, a PEG ratio of 6.44 and a beta of 1.28.

Travis Perkins (LON:TPK) last posted its quarterly earnings data on Tuesday, August 4th. The company reported GBX 15.10 EPS for the quarter. Travis Perkins had a negative net margin of 3.81% and a negative return on equity of 9.63%. Sell-side analysts forecast that Travis Perkins will post 59.251837 EPS 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. 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.