JPMorgan Chase & Co. Reaffirms “Overweight” Rating for Travis Perkins (LON:TPK)

Travis Perkins (LON:TPKGet Rating)‘s stock had its “overweight” rating restated by investment analysts at JPMorgan Chase & Co. in a research note issued on Tuesday, MarketBeat Ratings reports. They currently have a GBX 2,000 ($24.98) target price on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 61.88% from the stock’s previous close.

TPK has been the subject of several other reports. Shore Capital reissued a “sell” rating on shares of Travis Perkins in a research report on Friday. Liberum Capital dropped their price objective on Travis Perkins from GBX 2,065 ($25.80) to GBX 2,020 ($25.23) and set a “buy” rating on the stock in a research note on Wednesday, March 2nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,800 ($22.49) target price on shares of Travis Perkins in a research report on Wednesday, March 23rd. Royal Bank of Canada reissued an “outperform” rating and set a GBX 2,100 ($26.23) price target on shares of Travis Perkins in a research report on Thursday, March 24th. Finally, Barclays restated an “equal weight” rating and issued a GBX 1,545 ($19.30) price objective on shares of Travis Perkins in a report on Monday, January 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 1,899.15 ($23.72).

LON:TPK opened at GBX 1,235.50 ($15.43) on Tuesday. The company has a market cap of £2.64 billion and a price-to-earnings ratio of 10.43. Travis Perkins has a twelve month low of GBX 1,211 ($15.13) and a twelve month high of GBX 1,839.60 ($22.98). The company has a current ratio of 1.85, a quick ratio of 1.10 and a debt-to-equity ratio of 47.57. The stock has a fifty day simple moving average of GBX 1,298.55 and a 200-day simple moving average of GBX 1,443.19.

In other news, insider Jasmine Whitbread acquired 2,123 shares of the business’s stock in a transaction dated Thursday, March 3rd. The shares were acquired at an average cost of GBX 1,426 ($17.81) per share, with a total value of £30,273.98 ($37,818.84). Also, insider Alan Williams sold 18,569 shares of Travis Perkins stock in a transaction dated Monday, March 28th. The stock was sold at an average price of GBX 1,284 ($16.04), for a total value of £238,425.96 ($297,846.30). Over the last 90 days, insiders have purchased 2,145 shares of company stock worth $3,056,870.

Travis Perkins Company Profile (Get Rating)

Travis Perkins plc distributes building materials to the building, construction, and home improvement markets in the United Kingdom. It operates through, Merchanting, and Toolstation segments. The Merchanting segment distributes interior building products, which include drywalls, ceilings, external envelopes, fire protection products, flooring and partitioning products, and tools and accessories to professionals within the construction industry; civil, drainage, and heavy building materials to specialist contractors and trade professionals; and pipeline and heating solutions.

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Analyst Recommendations for Travis Perkins (LON:TPK)

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