JPMorgan Chase & Co. Issues Pessimistic Forecast for Travis Perkins (LON:TPK) Stock Price

Travis Perkins (LON:TPK) had its target price decreased by equities researchers at JPMorgan Chase & Co. from GBX 712 to GBX 680 in a note issued to investors on Tuesday,Digital Look reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 21.86% from the company’s previous close.

A number of other brokerages have also recently weighed in on TPK. Jefferies Financial Group cut their price objective on shares of Travis Perkins from GBX 531 to GBX 507 and set an “underperform” rating on the stock in a research note on Thursday, March 19th. Citigroup upped their price target on shares of Travis Perkins from GBX 700 to GBX 750 and gave the stock a “buy” rating in a research note on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of GBX 665.40.

Travis Perkins Stock Performance

Shares of TPK stock opened at GBX 558 on Tuesday. Travis Perkins has a 12-month low of GBX 477.37 and a 12-month high of GBX 723.50. The firm has a market capitalization of £1.18 billion, a price-to-earnings ratio of -21.14, a price-to-earnings-growth ratio of 6.44 and a beta of 1.31. The business has a 50 day simple moving average of GBX 649.56 and a 200 day simple moving average of GBX 627.16. The company has a debt-to-equity ratio of 59.00, a current ratio of 1.72 and a quick ratio of 0.84.

Travis Perkins (LON:TPK) last announced its earnings results on Tuesday, March 17th. The company reported GBX 30.80 earnings per share for the quarter. Travis Perkins had a negative return on equity of 9.35% and a negative net margin of 3.86%. On average, equities research analysts anticipate that Travis Perkins will post 59.251837 EPS for the current year.

Insiders Place Their Bets

In related news, insider Duncan Cooper sold 6,591 shares of Travis Perkins stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of GBX 564, for a total transaction of £37,173.24. 0.78% of the stock is owned by corporate insiders.

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. In addition, the company provides in specialist civils and drainage solutions; and air-conditioning and refrigeration products and heat pumps. Further, it provides insulation and interior building products to interior building specialists, contractors, and builders; and kitchens and joinery products.