Travis Perkins (LON:TPK) Hits New 12-Month Low Following Analyst Downgrade

Shares of Travis Perkins plc (LON:TPK) hit a new 52-week low during mid-day trading on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 680 to GBX 630. JPMorgan Chase & Co. currently has an overweight rating on the stock. Travis Perkins traded as low as GBX 493.40 and last traded at GBX 507.50, with a volume of 565261 shares trading hands. The stock had previously closed at GBX 506.50.

Other equities research analysts have also recently issued reports about the company. Citigroup boosted their price objective on shares of Travis Perkins from GBX 700 to GBX 750 and gave the company a “buy” rating in a research report on Monday, January 26th. Berenberg Bank restated a “hold” rating and set a GBX 620 price objective on shares of Travis Perkins in a research report on Friday, March 27th. Finally, Jefferies Financial Group lowered their price objective on shares of Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating for the company in a research report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 640.80.

Insider Buying and Selling at Travis Perkins

In related news, insider Duncan Cooper sold 6,591 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of GBX 564, for a total value of £37,173.24. 0.78% of the stock is currently owned by corporate insiders.

Travis Perkins Trading Up 1.2%

The company has a market cap of £1.11 billion, a P/E ratio of -6.31, a PEG ratio of 6.44 and a beta of 1.28. The company has a quick ratio of 0.84, a current ratio of 1.72 and a debt-to-equity ratio of 59.00. The firm’s 50 day moving average is GBX 558.78 and its two-hundred day moving average is GBX 610.67.

Travis Perkins (LON:TPK) last released its earnings results on Tuesday, March 17th. The company reported GBX 30.80 earnings per share (EPS) for the quarter. Travis Perkins had a negative net margin of 3.86% and a negative return on equity of 9.35%. As a group, equities research analysts anticipate that Travis Perkins plc 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.