JPMorgan Chase & Co. Reiterates Overweight Rating for Travis Perkins (LON:TPK)

Travis Perkins (LON:TPK)‘s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued on Friday, MarketBeat Ratings reports.

Several other equities research analysts have also recently issued reports on the stock. Berenberg Bank reaffirmed a “hold” rating and set a GBX 650 target price on shares of Travis Perkins in a research note on Monday, September 8th. Jefferies Financial Group raised their price target on shares of Travis Perkins from GBX 600 to GBX 605 and gave the stock a “hold” rating in a research note on Wednesday, October 1st. Finally, Peel Hunt restated a “buy” rating and set a GBX 740 price target on shares of Travis Perkins in a research report on Thursday. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 666.25.

Travis Perkins Stock Down 2.7%

TPK stock opened at GBX 605 on Friday. Travis Perkins has a 52 week low of GBX 477.37 and a 52 week high of GBX 938.50. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 48.33. The firm has a 50-day simple moving average of GBX 601.73 and a 200-day simple moving average of GBX 588.96. The stock has a market capitalization of £1.28 billion, a P/E ratio of -2,291.67, a P/E/G ratio of 6.44 and a beta of 1.52.

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