Travis Perkins (LON:TPK) Reaches New 52-Week Low – What’s Next?

Travis Perkins plc (LON:TPK) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 493.40 and last traded at GBX 507.50, with a volume of 565261 shares traded. The stock had previously closed at GBX 506.50.

Analyst Ratings Changes

A number of research firms have recently weighed in on TPK. JPMorgan Chase & Co. dropped their target price on Travis Perkins from GBX 712 to GBX 680 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Jefferies Financial Group dropped their target price on Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating for the company in a report on Monday, April 20th. Berenberg Bank reissued a “hold” rating and set a GBX 620 target price on shares of Travis Perkins in a report on Friday, March 27th. Finally, Citigroup lifted their target price on Travis Perkins from GBX 700 to GBX 750 and gave the stock a “buy” rating in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 650.80.

Travis Perkins Stock Performance

The company has a debt-to-equity ratio of 59.00, a current ratio of 1.72 and a quick ratio of 0.84. The stock has a 50-day simple moving average of GBX 562.24 and a 200-day simple moving average of GBX 612.51. The stock has a market cap of £1.09 billion, a P/E ratio of -6.15, a PEG ratio of 6.44 and a beta of 1.28.

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

Insider Transactions at Travis Perkins

In other Travis Perkins news, insider Duncan Cooper sold 6,591 shares of Travis Perkins stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of GBX 564, for a total value of £37,173.24. 0.78% of the stock is currently 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.