Travis Perkins (LON:TPK) Price Target Raised to GBX 750 at Citigroup

Travis Perkins (LON:TPK) had its price target upped by Citigroup from GBX 700 to GBX 750 in a research note released on Monday, Marketbeat Ratings reports. Citigroup currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Peel Hunt reiterated 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 decreased their price target on shares of Travis Perkins from GBX 605 to GBX 594 and set a “hold” rating for the company in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Travis Perkins from GBX 720 to GBX 712 and set an “overweight” rating for the company in a research note on Monday. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Travis Perkins currently has a consensus rating of “Moderate Buy” and an average target price of GBX 689.20.

Travis Perkins Price Performance

Shares of TPK stock opened at GBX 663 on Monday. Travis Perkins has a fifty-two week low of GBX 477.37 and a fifty-two week high of GBX 721. The firm has a market capitalization of £1.40 billion, a price-to-earnings ratio of -25.11, a PEG ratio of 6.44 and a beta of 1.52. The company has a debt-to-equity ratio of 48.33, a quick ratio of 0.84 and a current ratio of 1.65. The stock’s 50-day simple moving average is GBX 628.10 and its 200-day simple moving average is GBX 609.27.

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. 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.