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

Travis Perkins (LON:TPK)‘s stock had its “underperform” rating reiterated by research analysts at Jefferies Financial Group in a note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 453 price objective on the stock. Jefferies Financial Group’s price objective would indicate a potential downside of 20.04% from the stock’s current price.

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

Travis Perkins Trading Up 0.7%

Shares of LON:TPK traded up GBX 4 during midday trading on Tuesday, hitting GBX 566.50. 1,347,714 shares of the stock traded hands, compared to its average volume of 2,577,474. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 56.92. The business’s 50 day moving average is GBX 617.86 and its two-hundred day moving average is GBX 574.08. The stock has a market capitalization of £1.20 billion, a PE ratio of -6.94, a P/E/G ratio of 6.44 and a beta of 1.30. Travis Perkins has a one year low of GBX 493.40 and a one year high of GBX 723.50.

Travis Perkins (LON:TPK) last posted 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 return on equity of 9.63% and a negative net margin of 3.81%. As a group, research analysts forecast that Travis Perkins will post 59.25 earnings per share for the current year.

Insider Buying and Selling at Travis Perkins

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

About Travis Perkins

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.