Travis Perkins (LON:TPK) Given New GBX 464 Price Target at Jefferies Financial Group

Travis Perkins (LON:TPK) had its price target trimmed by Jefferies Financial Group from GBX 507 to GBX 464 in a report published on Monday, MarketBeat Ratings reports. The brokerage currently has an underperform rating on the stock.

Several other research analysts have also recently issued reports on the company. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 620 price target on shares of Travis Perkins in a report on Friday, March 27th. Citigroup raised their price objective on Travis Perkins from GBX 700 to GBX 750 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, JPMorgan Chase & Co. decreased their target price on Travis Perkins from GBX 712 to GBX 680 and set an “overweight” rating on the stock in a report on Tuesday, March 24th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 650.80.

Travis Perkins Stock Performance

Shares of TPK opened at GBX 581.36 on Monday. The company has a debt-to-equity ratio of 59.00, a current ratio of 1.72 and a quick ratio of 0.84. The firm’s 50 day moving average is GBX 617.14 and its 200-day moving average is GBX 625.21. Travis Perkins has a 12-month low of GBX 510 and a 12-month high of GBX 723.50. The stock has a market capitalization of £1.23 billion, a P/E ratio of -6.98, a P/E/G ratio of 6.44 and a beta of 1.34.

Travis Perkins (LON:TPK) last released its earnings results on Tuesday, March 17th. The company reported GBX 30.80 EPS for the quarter. Travis Perkins had a negative net margin of 3.86% and a negative return on equity of 9.35%. Equities research analysts anticipate that Travis Perkins will post 59.251837 EPS for the current fiscal year.

Insiders Place Their Bets

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

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.