Deutsche Bank Aktiengesellschaft Lowers Travis Perkins (LON:TPK) Price Target to GBX 1,525

Travis Perkins (LON:TPK – Get Rating) had its target price lowered by analysts at Deutsche Bank Aktiengesellschaft from GBX 1,961 ($24.50) to GBX 1,525 ($19.05) in a report released on Monday, LSE.Co.UK reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 36.16% from the company’s previous close.

Several other brokerages have also recently issued reports on TPK. Barclays reiterated an “equal weight” rating and set a GBX 1,545 ($19.30) price target on shares of Travis Perkins in a research report on Monday, January 24th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 2,000 ($24.98) price objective on shares of Travis Perkins in a research note on Tuesday, May 3rd. Berenberg Bank reissued a “buy” rating and set a GBX 1,800 ($22.49) price objective on shares of Travis Perkins in a research note on Wednesday, March 23rd. Royal Bank of Canada reissued an “outperform” rating and set a GBX 2,100 ($26.23) price objective on shares of Travis Perkins in a research note on Thursday, March 24th. Finally, Shore Capital reissued a “sell” rating on shares of Travis Perkins in a research note on Friday, April 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 1,865.62 ($23.31).

Shares of LON TPK opened at GBX 1,120 ($13.99) on Monday. Travis Perkins has a 1 year low of GBX 1,115 ($13.93) and a 1 year high of GBX 1,839.60 ($22.98). The company has a debt-to-equity ratio of 47.57, a current ratio of 1.85 and a quick ratio of 1.10. The company’s 50-day moving average is GBX 1,280.39 and its 200 day moving average is GBX 1,434.03. The stock has a market capitalization of £2.36 billion and a P/E ratio of 9.43.

In other Travis Perkins news, insider Alan Williams sold 18,569 shares of Travis Perkins stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of GBX 1,284 ($16.04), for a total value of £238,425.96 ($297,846.30). Also, insider Jasmine Whitbread purchased 2,123 shares of the stock in a transaction dated Thursday, March 3rd. The shares were purchased at an average cost of GBX 1,426 ($17.81) per share, for a total transaction of £30,273.98 ($37,818.84).

About Travis Perkins (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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