Travis Perkins (LON:TPK) Stock Rating Reaffirmed by JPMorgan Chase & Co.

Travis Perkins (LON:TPKGet Rating)‘s stock had its “neutral” rating reissued by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They presently have a GBX 1,200 ($14.70) price target on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 27.66% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Berenberg Bank decreased their target price on Travis Perkins from GBX 1,380 ($16.91) to GBX 1,000 ($12.25) and set a “hold” rating on the stock in a research report on Thursday. Shore Capital reaffirmed a “sell” rating on shares of Travis Perkins in a report on Tuesday. Morgan Stanley reaffirmed an “overweight” rating on shares of Travis Perkins in a report on Wednesday, May 11th. Royal Bank of Canada decreased their price objective on Travis Perkins from GBX 1,500 ($18.38) to GBX 1,400 ($17.15) and set an “outperform” rating on the stock in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Travis Perkins from GBX 1,275 ($15.62) to GBX 1,250 ($15.32) and set a “buy” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,580.50 ($19.37).

Travis Perkins Stock Down 0.1 %

TPK stock opened at GBX 940 ($11.52) on Thursday. Travis Perkins has a twelve month low of GBX 914.20 ($11.20) and a twelve month high of GBX 1,839.60 ($22.54). The company has a market cap of £2.00 billion and a PE ratio of 912.62. The business’s 50-day simple moving average is GBX 1,030.41 and its 200 day simple moving average is GBX 1,215.59. The company has a quick ratio of 1.10, a current ratio of 1.85 and a debt-to-equity ratio of 47.57.

About Travis Perkins

(Get Rating)

Travis Perkins plc distributes building materials to the building, construction, and home improvement markets in the United Kingdom. It operates through, Merchanting, and Toolstation segments. 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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