Travis Perkins (LON:TPK) Hits New 1-Year Low – Here’s Why

Travis Perkins plc (LON:TPK)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 509 and last traded at GBX 511.67, with a volume of 520914 shares. The stock had previously closed at GBX 512.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TPK shares. Citigroup increased their target price on shares of Travis Perkins from GBX 700 to GBX 750 and gave the stock a “buy” rating in a report on Monday, January 26th. JPMorgan Chase & Co. decreased their price objective on Travis Perkins from GBX 712 to GBX 680 and set an “overweight” rating for the company in a research note on Tuesday, March 24th. Berenberg Bank reiterated a “hold” rating and issued a GBX 620 price objective on shares of Travis Perkins in a research note on Friday, March 27th. Finally, Jefferies Financial Group decreased their price objective on Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating for the company in a research note 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 data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 650.80.

Travis Perkins Stock Down 1.8%

The company has a current ratio of 1.72, a quick ratio of 0.84 and a debt-to-equity ratio of 59.00. The firm has a market cap of £1.08 billion, a price-to-earnings ratio of -6.13, a P/E/G ratio of 6.44 and a beta of 1.28. The firm has a 50 day moving average price of GBX 567.06 and a 200-day moving average price of GBX 614.70.

Travis Perkins (LON:TPK) last announced 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%. On average, equities analysts forecast that Travis Perkins plc will post 59.251837 EPS for the current year.

Insider Transactions at Travis Perkins

In related news, insider Duncan Cooper sold 6,591 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of GBX 564, for a total value of £37,173.24. Insiders own 0.78% 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.