Travis Perkins’ (TPK) Underperform Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their underperform rating on shares of Travis Perkins (LON:TPK) in a research report released on Wednesday, Marketbeat reports. The firm currently has a GBX 443 target price on the stock.

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Travis Perkins from GBX 680 to GBX 630 and set an “overweight” rating for the company in a research report on Tuesday, May 19th. 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 report on Wednesday. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 660 price objective on shares of Travis Perkins in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 627.17.

Travis Perkins Price Performance

Shares of TPK stock opened at GBX 675.70 on Wednesday. The stock’s 50-day moving average is GBX 561.13 and its 200 day moving average is GBX 585.45. Travis Perkins has a 1-year low of GBX 493.40 and a 1-year high of GBX 723.50. The company has a debt-to-equity ratio of 56.92, a current ratio of 1.66 and a quick ratio of 0.84. The company has a market cap of £1.43 billion, a P/E ratio of -8.11, a PEG ratio of 6.44 and a beta of 1.28.

Travis Perkins (LON:TPK) last announced its earnings results 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%. Research analysts predict that Travis Perkins will post 59.251837 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.