Travis Perkins (LON:TPK) Price Target Raised to GBX 650

Travis Perkins (LON:TPK) had its price target increased by Berenberg Bank from GBX 580 to GBX 650 in a report issued on Wednesday,Digital Look reports. The firm currently has a hold rating on the stock.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. dropped their price objective on Travis Perkins from GBX 680 to GBX 630 and set an “overweight” rating on the stock in a report on Tuesday, May 19th. Jefferies Financial Group reduced their target price on Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating for the company in a report on Monday, April 20th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 660 price target on shares of Travis Perkins in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 627.17.

Travis Perkins Stock Up 1.9%

Travis Perkins stock opened at GBX 675.70 on Wednesday. The firm has a 50 day simple moving average of GBX 561.13 and a 200 day simple moving average of GBX 585.45. The company has a current ratio of 1.66, a quick ratio of 0.84 and a debt-to-equity ratio of 56.92. Travis Perkins has a 1-year low of GBX 493.40 and a 1-year high of GBX 723.50. The firm has a market capitalization of £1.43 billion, a price-to-earnings ratio of -8.11, a P/E/G ratio of 6.44 and a beta of 1.28.

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%. On average, analysts predict that Travis Perkins will post 59.251837 earnings per share 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.