Travis Perkins (LON:TPK) Price Target Cut to GBX 507 by Analysts at Jefferies Financial Group

Travis Perkins (LON:TPK) had its price target lowered by Jefferies Financial Group from GBX 531 to GBX 507 in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has an underperform rating on the stock.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. lowered their target price on Travis Perkins from GBX 720 to GBX 712 and set an “overweight” rating for the company in a research note on Monday, January 26th. Citigroup lifted their price objective on Travis Perkins from GBX 700 to GBX 750 and gave the company a “buy” rating in a research note on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 671.80.

Travis Perkins Stock Performance

Shares of TPK stock opened at GBX 562 on Thursday. The firm has a 50 day moving average of GBX 653.55 and a two-hundred day moving average of GBX 626.55. The stock has a market capitalization of £1.19 billion, a PE ratio of -21.29, a P/E/G ratio of 6.44 and a beta of 1.31. The company has a quick ratio of 0.84, a current ratio of 1.72 and a debt-to-equity ratio of 59.00. Travis Perkins has a 52 week low of GBX 477.37 and a 52 week high of GBX 723.50.

Travis Perkins (LON:TPK) last posted its quarterly earnings data on Tuesday, March 17th. The company reported GBX 30.80 earnings per share for the quarter. Travis Perkins had a negative return on equity of 9.35% and a negative net margin of 3.86%. On average, research analysts predict that Travis Perkins will post 59.251837 EPS for the current fiscal year.

Insider Activity at Travis Perkins

In related news, insider Duncan Cooper sold 6,591 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of GBX 564, for a total transaction of £37,173.24. Insiders own 0.78% of the company’s stock.

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.