Travis Perkins (LON:TPK) Price Target Raised to GBX 720

Travis Perkins (LON:TPK) had its price target boosted by JPMorgan Chase & Co. from GBX 670 to GBX 720 in a research report issued on Wednesday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 17.85% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 650 target price on shares of Travis Perkins in a report on Monday, September 8th. Jefferies Financial Group cut their target price on Travis Perkins from GBX 605 to GBX 594 and set a “hold” rating on the stock in a research report on Monday, October 20th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 740 price objective on shares of Travis Perkins in a report on Thursday, October 16th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 676.

Travis Perkins Price Performance

Shares of Travis Perkins stock traded down GBX 16.05 during trading on Wednesday, reaching GBX 610.95. 989,345 shares of the company’s stock were exchanged, compared to its average volume of 1,858,951. The company has a market cap of £1.29 billion, a P/E ratio of -23.14, a PEG ratio of 6.44 and a beta of 1.52. The company has a debt-to-equity ratio of 48.33, a quick ratio of 0.84 and a current ratio of 1.65. Travis Perkins has a 1-year low of GBX 477.37 and a 1-year high of GBX 779.50. The firm’s 50-day moving average price is GBX 618.41 and its 200 day moving average price is GBX 604.89.

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.