Deutsche Bank Aktiengesellschaft Upgrades Travis Perkins (LON:TPK) to Buy

Travis Perkins (LON:TPK) was upgraded by Deutsche Bank Aktiengesellschaft to a “buy” rating in a report issued on Thursday, Digital Look reports. The brokerage currently has a GBX 910 ($11.71) price objective on the stock, down from their previous price objective of GBX 1,100 ($14.15). Deutsche Bank Aktiengesellschaft’s target price suggests a potential downside of 4.71% from the stock’s current price.

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,100 ($14.15) target price on shares of Travis Perkins in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Travis Perkins presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 940 ($12.09).

Travis Perkins Stock Down 0.3 %

LON:TPK opened at GBX 955 ($12.28) on Thursday. The firm’s 50 day simple moving average is GBX 833.54 and its 200 day simple moving average is GBX 783.84. The company has a debt-to-equity ratio of 51.63, a current ratio of 1.69 and a quick ratio of 0.84. Travis Perkins has a one year low of GBX 684.80 ($8.81) and a one year high of GBX 976 ($12.55). The company has a market cap of £2.01 billion, a PE ratio of 5,305.56, a P/E/G ratio of 6.44 and a beta of 1.47.

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.