Travis Perkins (LON:TPK) Earns “Buy” Rating from Peel Hunt

Travis Perkins (LON:TPK)‘s stock had its “buy” rating reiterated by stock analysts at Peel Hunt in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 740 price objective on the stock. Peel Hunt’s price objective points to a potential upside of 22.31% from the stock’s current price.

TPK has been the topic of several other research reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 650 price target on shares of Travis Perkins in a research report on Monday, September 8th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 670 price target on shares of Travis Perkins in a research report on Wednesday, August 6th. Finally, Jefferies Financial Group lifted their price target on Travis Perkins from GBX 600 to GBX 605 and gave the stock a “hold” rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 666.25.

Travis Perkins Price Performance

Shares of LON TPK opened at GBX 605 on Thursday. The company has a debt-to-equity ratio of 48.33, a quick ratio of 0.84 and a current ratio of 1.65. Travis Perkins has a fifty-two week low of GBX 477.37 and a fifty-two week high of GBX 938.50. The firm has a market capitalization of £1.28 billion, a PE ratio of -2,291.67, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The stock’s 50-day simple moving average is GBX 601.73 and its 200-day simple moving average is GBX 588.26.

Travis Perkins (LON:TPK) last issued its earnings results on Tuesday, August 5th. The company reported GBX 13.30 earnings per share for the quarter. Travis Perkins had a negative return on equity of 0.85% and a negative net margin of 0.37%. As a group, equities research analysts forecast that Travis Perkins will post 59.251837 EPS for the current fiscal year.

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.