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

Travis Perkins (LON:TPK)‘s stock had its “overweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, MarketBeat reports. They currently have a GBX 1,100 ($14.04) price objective on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 22.77% from the stock’s current price.

Several other research analysts have also recently issued reports on TPK. Deutsche Bank Aktiengesellschaft raised shares of Travis Perkins to a “buy” rating and decreased their target price for the stock from GBX 1,100 ($14.04) to GBX 910 ($11.62) in a report on Thursday, August 1st. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 800 ($10.21) target price on shares of Travis Perkins in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 940 ($12.00).

Travis Perkins Trading Up 1.5 %

Shares of LON TPK opened at GBX 896 ($11.44) on Tuesday. Travis Perkins has a 1 year low of GBX 684.80 ($8.74) and a 1 year high of GBX 976 ($12.46). The stock has a market cap of £1.89 billion, a P/E ratio of -11,200.00, a price-to-earnings-growth ratio of 6.44 and a beta of 1.54. The firm has a 50-day moving average of GBX 859.41 and a 200 day moving average of GBX 792.79. The company has a debt-to-equity ratio of 52.98, a current ratio of 1.65 and a quick ratio of 0.84.

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.