Travis Perkins (LON:TPK) Stock Keeps Underperform Rating at Jefferies Financial Group

Travis Perkins (LON:TPK)‘s stock had its “underperform” rating reissued by Jefferies Financial Group in a report released on Tuesday, Digital Look reports. They currently have a GBX 453 price objective on the stock. Jefferies Financial Group’s price target suggests a potential downside of 23.74% from the company’s previous close.

TPK has been the subject of a number of other reports. Berenberg Bank raised their price target 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 objective on Travis Perkins from GBX 470 to GBX 550 and gave the stock a “sell” rating in a report on Wednesday, August 5th. Peel Hunt restated a “buy” rating and issued a GBX 660 target price on shares of Travis Perkins in a research note on Tuesday, August 4th. Finally, JPMorgan Chase & Co. raised their target price on Travis Perkins from GBX 630 to GBX 710 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 628.83.

Travis Perkins Stock Performance

TPK traded up GBX 23 on Tuesday, hitting GBX 594. The company’s stock had a trading volume of 637,192 shares, compared to its average volume of 2,568,280. The company’s 50 day simple moving average is GBX 615.71 and its 200-day simple moving average is GBX 574.09. The firm has a market cap of £1.26 billion, a P/E ratio of -7.28, a price-to-earnings-growth ratio of 6.44 and a beta of 1.30. Travis Perkins has a 12 month low of GBX 493.40 and a 12 month high of GBX 723.50. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 56.92.

Travis Perkins (LON:TPK) last issued its earnings results on Tuesday, August 4th. The company reported GBX 15.10 earnings per share (EPS) for the quarter. Travis Perkins had a negative net margin of 3.81% and a negative return on equity of 9.63%. Analysts forecast that Travis Perkins will post 59.25 EPS for the current year.

Insider Transactions at Travis Perkins

In other news, insider Jeremy (Jez) Maiden bought 1,483 shares of the stock in a transaction on Thursday, August 6th. The shares were acquired at an average cost of GBX 669 per share, for a total transaction of £9,921.27. 0.79% 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.