Travis Perkins (LON:TPK) Price Target Cut to GBX 680 by Analysts at JPMorgan Chase & Co.

Travis Perkins (LON:TPK) had its price target lowered by JPMorgan Chase & Co. from GBX 712 to GBX 680 in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also recently commented on TPK. Citigroup upped their target price on shares of Travis Perkins from GBX 700 to GBX 750 and gave the company a “buy” rating in a report on Monday, January 26th. Jefferies Financial Group dropped their price target on shares of Travis Perkins from GBX 531 to GBX 507 and set an “underperform” rating on the stock in a research note on Thursday, March 19th. Three 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 665.40.

Travis Perkins Trading Up 0.8%

Shares of LON:TPK opened at GBX 564.50 on Tuesday. The stock’s 50-day simple moving average is GBX 647.91 and its two-hundred day simple moving average is GBX 627.04. The stock has a market capitalization of £1.19 billion, a price-to-earnings ratio of -21.38, a PEG ratio of 6.44 and a beta of 1.31. Travis Perkins has a 52-week low of GBX 477.37 and a 52-week high of GBX 723.50. The company has a debt-to-equity ratio of 59.00, a quick ratio of 0.84 and a current ratio of 1.72.

Travis Perkins (LON:TPK) last released its quarterly 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%. Analysts expect that Travis Perkins will post 59.251837 EPS for the current year.

Insider Activity

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 stock was sold at an average price of GBX 564, for a total transaction of £37,173.24. Company 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.