Travis Perkins (LON:TPK) Price Target Raised to GBX 720 at JPMorgan Chase & Co.

Travis Perkins (LON:TPK) had its price target increased by JPMorgan Chase & Co. from GBX 670 to GBX 720 in a report published on Wednesday, MarketBeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Several other research analysts have also recently issued reports on TPK. Peel Hunt reissued a “buy” rating and issued a GBX 740 price target on shares of Travis Perkins in a research note on Thursday, October 16th. Jefferies Financial Group decreased their target price on shares of Travis Perkins from GBX 605 to GBX 594 and set a “hold” rating for the company in a research report on Monday, October 20th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 650 target price on shares of Travis Perkins in a research note on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 676.

Travis Perkins Stock Performance

Shares of TPK stock opened at GBX 610.95 on Wednesday. Travis Perkins has a 12-month low of GBX 477.37 and a 12-month high of GBX 779.50. The firm has a market capitalization of £1.29 billion, a price-to-earnings ratio of -23.14, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The business has a 50 day simple moving average of GBX 619.03 and a 200 day simple moving average of GBX 604.94. 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 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.