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

Travis Perkins (LON:TPK)‘s stock had its “underperform” rating reiterated by investment analysts at Jefferies Financial Group in a note issued to investors on Tuesday, October 13th, Digital Look reports. They presently have a GBX 453 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential downside of 23.87% from the company’s previous close.

TPK has been the subject of several other reports. JPMorgan Chase & Co. boosted their target price on Travis Perkins from GBX 630 to GBX 710 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Peel Hunt reiterated a “buy” rating and issued a GBX 660 price target on shares of Travis Perkins in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Travis Perkins from GBX 470 to GBX 550 and gave the stock a “sell” rating in a research note on Wednesday, August 5th. Finally, Berenberg Bank boosted their price objective on shares of Travis Perkins from GBX 580 to GBX 650 and gave the company a “hold” rating in a report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 628.83.

Travis Perkins Trading Down 0.6%

Shares of Travis Perkins stock traded down GBX 3.50 during trading on Tuesday, reaching GBX 595. 915,942 shares of the company were exchanged, compared to its average volume of 2,538,931. The business has a 50-day moving average price of GBX 609.83 and a 200-day moving average price of GBX 575.02. The firm has a market capitalization of £1.26 billion, a price-to-earnings ratio of -7.29, a P/E/G ratio of 6.44 and a beta of 1.30. 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 has a twelve month low of GBX 493.40 and a twelve month high of GBX 723.50.

Travis Perkins (LON:TPK) last released its earnings results on Tuesday, August 4th. The company reported GBX 15.10 earnings per share 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 59.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other Travis Perkins news, insider Jeremy (Jez) Maiden bought 1,483 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was purchased at an average cost of GBX 669 per share, with a total value of £9,921.27. Corporate insiders own 0.79% of the company’s stock.

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.