Travis Perkins’ (TPK) “Underperform” Rating Reiterated at Jefferies Financial Group

Travis Perkins (LON:TPK)‘s stock had its “underperform” rating restated by analysts at Jefferies Financial Group in a research report issued to clients and investors on Tuesday, Digital Look reports. They presently have a GBX 453 price objective on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 20.67% from the stock’s current price.

TPK has been the subject of a number of other reports. JPMorgan Chase & Co. upped their target price on Travis Perkins from GBX 630 to GBX 710 and gave the company an “overweight” rating in a research note on Friday, August 7th. Berenberg Bank boosted their target price on Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft increased their price target 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. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 660 target price on shares of Travis Perkins in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 628.83.

Travis Perkins Price Performance

Shares of LON:TPK opened at GBX 571 on Tuesday. The company has a debt-to-equity ratio of 56.92, a current ratio of 1.66 and a quick ratio of 0.84. The stock’s 50 day moving average price is GBX 615.71 and its 200 day moving average price is GBX 574.09. Travis Perkins has a 12 month low of GBX 493.40 and a 12 month high of GBX 723.50. The stock has a market cap of £1.21 billion, a price-to-earnings ratio of -7.00, a PEG ratio of 6.44 and a beta of 1.30.

Travis Perkins (LON:TPK) last announced its earnings results 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%. Equities research analysts anticipate that Travis Perkins will post 59.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Travis Perkins

In related news, insider Jeremy (Jez) Maiden acquired 1,483 shares of the company’s stock in a transaction dated Thursday, August 6th. The shares were bought at an average price of GBX 669 per share, for a total transaction of £9,921.27. 0.79% of the stock is owned by 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.