Travis Perkins plc (LON:TPK) Stock Has Average Price Target of GBX 627.17 According to Analysts

Shares of Travis Perkins plc (LON:TPK) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 628.83.

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Travis Perkins from GBX 470 to GBX 550 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Berenberg Bank lifted their price target on shares of Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Peel Hunt reiterated a “buy” rating and issued a GBX 660 price objective on shares of Travis Perkins in a report on Tuesday, August 4th. JPMorgan Chase & Co. upped their price objective on shares of Travis Perkins from GBX 630 to GBX 710 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group raised their target price on Travis Perkins from GBX 443 to GBX 453 and gave the company an “underperform” rating in a research note on Monday.

Insider Buying and Selling

In other news, insider Jeremy (Jez) Maiden acquired 1,483 shares of Travis Perkins stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of GBX 669 per share, for a total transaction of £9,921.27. 0.79% of the stock is currently owned by corporate insiders.

Travis Perkins Stock Performance

Shares of TPK stock opened at GBX 620 on Thursday. Travis Perkins has a one year low of GBX 493.40 and a one year high of GBX 723.50. The company has a debt-to-equity ratio of 56.92, a quick ratio of 0.84 and a current ratio of 1.66. The company has a 50 day moving average price of GBX 614.37 and a 200 day moving average price of GBX 574.58. The firm has a market capitalization of £1.31 billion, a price-to-earnings ratio of -7.60, a price-to-earnings-growth ratio of 6.44 and a beta of 1.30.

Travis Perkins (LON:TPK) last released its quarterly earnings data on Tuesday, August 4th. The company reported GBX 15.10 EPS for the quarter. Travis Perkins had a negative return on equity of 9.63% and a negative net margin of 3.81%. Sell-side analysts anticipate that Travis Perkins will post 59.251837 EPS for the current year.

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.