Travis Perkins (LON:TPK) PT Raised to GBX 1,600 at JPMorgan Chase & Co.


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Travis Perkins (LON:TPK) had its price target lifted by analysts at JPMorgan Chase & Co. from GBX 1,460 ($19.07) to GBX 1,600 ($20.90) in a research note issued to investors on Monday, Analyst Ratings Network reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 3.21% from the company’s current price.

Several other brokerages have also issued reports on TPK. Barclays reaffirmed an “equal weight” rating and set a GBX 1,375 ($17.96) target price on shares of Travis Perkins in a research report on Thursday, March 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Travis Perkins from GBX 1,500 ($19.60) to GBX 1,533 ($20.03) and gave the company a “hold” rating in a research note on Wednesday, March 3rd. Canaccord Genuity boosted their price target on Travis Perkins from GBX 1,450 ($18.94) to GBX 1,525 ($19.92) and gave the company a “hold” rating in a research note on Wednesday, March 3rd. Shore Capital reiterated a “sell” rating on shares of Travis Perkins in a research note on Monday, March 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,597 ($20.86) price target on shares of Travis Perkins in a research note on Tuesday, January 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,497.78 ($19.57).

Shares of LON:TPK opened at GBX 1,653 ($21.60) on Monday. The business’s 50-day moving average is GBX 1,550.74 and its 200 day moving average is GBX 1,363.56. Travis Perkins has a 1 year low of GBX 857.40 ($11.20) and a 1 year high of GBX 2,051 ($26.80). The firm has a market capitalization of £4.17 billion and a P/E ratio of -183.67. The company has a debt-to-equity ratio of 70.12, a current ratio of 1.48 and a quick ratio of 0.88.

In related news, insider Stuart J. Chambers bought 238 shares of the stock in a transaction dated Tuesday, March 2nd. The shares were purchased at an average price of GBX 1,472 ($19.23) per share, for a total transaction of £3,503.36 ($4,577.16). Also, insider Pete Redfern bought 27 shares of the stock in a transaction dated Monday, February 1st. The stock was bought at an average price of GBX 1,362 ($17.79) per share, for a total transaction of £367.74 ($480.45). Insiders bought 284 shares of company stock worth $416,469 in the last 90 days.

Travis Perkins Company Profile

Travis Perkins plc distributes building materials to the building, construction, and home improvement markets in the United Kingdom. It operates through four segments: Merchanting, Retail, Toolstation, and Plumbing & Heating. The Merchanting segment distributes interior building products, which include drywalls, ceilings, external envelopes, fire protection products, flooring and partitioning products, and tools and accessories to professionals within the construction industry; civil, drainage, and heavy building materials to specialist contractors and trade professionals; and pipeline and heating solutions.

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Analyst Recommendations for Travis Perkins (LON:TPK)

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