Berenberg Bank Reaffirms “Hold” Rating for Travis Perkins (LON:TPK)

Travis Perkins (LON:TPK)‘s stock had its “hold” rating reissued by equities researchers at Berenberg Bank in a research note issued on Friday, MarketBeat reports. They currently have a GBX 620 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 11.56% from the company’s current price.

A number of other brokerages also recently weighed in on TPK. Citigroup increased their price target on shares of Travis Perkins from GBX 700 to GBX 750 and gave the company a “buy” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. decreased their price objective on shares of Travis Perkins from GBX 712 to GBX 680 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Finally, Jefferies Financial Group lowered their target price on shares of Travis Perkins from GBX 531 to GBX 507 and set an “underperform” rating for the company in a research note on Thursday, March 19th. Three 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 659.40.

Travis Perkins Trading Down 3.0%

LON TPK opened at GBX 555.75 on Friday. The stock has a 50-day simple moving average of GBX 642.10 and a 200 day simple moving average of GBX 626.41. The company has a market capitalization of £1.17 billion, a PE ratio of -21.05, a P/E/G ratio of 6.44 and a beta of 1.31. The company has a current ratio of 1.72, a quick ratio of 0.84 and a debt-to-equity ratio of 59.00. Travis Perkins has a 12 month low of GBX 477.37 and a 12 month high of GBX 723.50.

Travis Perkins (LON:TPK) last released its earnings results 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%. Research analysts forecast that Travis Perkins will post 59.251837 EPS for the current year.

Insider Buying and Selling at Travis Perkins

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 value of £37,173.24. 0.78% of the stock is owned by company insiders.

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.