Travis Perkins (LON:TPK) Earns Hold Rating from Berenberg Bank

Travis Perkins (LON:TPK)‘s stock had its “hold” rating reiterated by investment analysts at Berenberg Bank in a note issued to investors on Thursday, MarketBeat.com reports. They currently have a GBX 650 ($8.62) price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 13.82% from the stock’s current price.

Travis Perkins Price Performance

LON TPK opened at GBX 571.08 ($7.58) on Thursday. Travis Perkins has a fifty-two week low of GBX 477.37 ($6.33) and a fifty-two week high of GBX 976 ($12.95). The stock’s 50-day moving average is GBX 559.46 and its two-hundred day moving average is GBX 682.54. The firm has a market cap of £1.21 billion, a P/E ratio of -69.14, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The company has a debt-to-equity ratio of 48.33, a current ratio of 1.65 and a quick ratio of 0.84.

Travis Perkins (LON:TPK) last issued its quarterly earnings data on Tuesday, April 1st. The company reported GBX 36.60 ($0.49) EPS for the quarter. Travis Perkins had a negative return on equity of 0.85% and a negative net margin of 0.37%. On average, analysts anticipate that Travis Perkins will post 59.251837 earnings per share for the current fiscal year.

Insider Activity at Travis Perkins

In other news, insider Duncan Cooper sold 5,238 shares of Travis Perkins stock in a transaction dated Friday, April 4th. The stock was sold at an average price of GBX 508 ($6.74), for a total value of £26,609.04 ($35,299.87). 3.63% of the stock is currently owned by company insiders.

Travis Perkins Company Profile

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.