Travis Perkins (LON:TPK) Price Target Lowered to GBX 712 at JPMorgan Chase & Co.

Travis Perkins (LON:TPK) had its target price reduced by JPMorgan Chase & Co. from GBX 720 to GBX 712 in a report released on Monday morning, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research analysts have also recently commented on the company. Peel Hunt restated a “buy” rating and issued a GBX 740 target price on shares of Travis Perkins in a research note on Thursday, October 16th. Jefferies Financial Group lowered their price target on Travis Perkins from GBX 605 to GBX 594 and set a “hold” rating for the company in a research report on Monday, October 20th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 689.20.

Travis Perkins Price Performance

Shares of Travis Perkins stock opened at GBX 663 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 48.33. Travis Perkins has a 52 week low of GBX 477.37 and a 52 week high of GBX 721. The company has a market cap of £1.40 billion, a PE ratio of -25.11, a P/E/G ratio of 6.44 and a beta of 1.52. The business has a 50 day moving average of GBX 628.10 and a 200 day moving average of GBX 609.27.

About Travis Perkins

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. In addition, the company provides in specialist civils and drainage solutions; and air-conditioning and refrigeration products and heat pumps. Further, it provides insulation and interior building products to interior building specialists, contractors, and builders; and kitchens and joinery products.