Travis Perkins plc (LON:TPK) Stock Has Average Target Price of GBX 628.83

Shares of Travis Perkins plc (LON:TPK) have received an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 628.83.

Several analysts have recently issued reports on the stock. Jefferies Financial Group reissued an “underperform” rating and set a GBX 453 price objective on shares of Travis Perkins in a research note on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft increased their target price on Travis Perkins from GBX 470 to GBX 550 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their target price on Travis Perkins from GBX 630 to GBX 710 and gave the company an “overweight” rating in a report on Friday, August 7th. Peel Hunt reissued a “buy” rating and set a GBX 660 price target on shares of Travis Perkins in a research report on Tuesday, August 4th. Finally, Berenberg Bank upped their price target on Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a research note on Wednesday, August 5th.

Insider Transactions at Travis Perkins

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

Travis Perkins Stock Performance

Shares of TPK stock opened at GBX 614 on Monday. The stock has a market cap of £1.30 billion, a P/E ratio of -7.52, a P/E/G ratio of 6.44 and a beta of 1.30. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 56.92. Travis Perkins has a fifty-two week low of GBX 493.40 and a fifty-two week high of GBX 723.50. The business has a fifty day simple moving average of GBX 606.03 and a 200-day simple moving average of GBX 576.28.

Travis Perkins (LON:TPK) last released its quarterly earnings results on Tuesday, August 4th. The company reported GBX 15.10 earnings per share for the quarter. Travis Perkins had a negative return on equity of 9.63% and a negative net margin of 3.81%. On average, analysts forecast that Travis Perkins will post 59.25 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. 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.