Travis Perkins (LON:TPK) Price Target Raised to GBX 550

Travis Perkins (LON:TPK) had its price target hoisted by Deutsche Bank Aktiengesellschaft from GBX 470 to GBX 550 in a report released on Wednesday morning,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a sell rating on the stock.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 443 price target on shares of Travis Perkins in a research note on Wednesday. Berenberg Bank lifted their price objective on Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. cut their target price on Travis Perkins from GBX 680 to GBX 630 and set an “overweight” rating on the stock in a research report on Tuesday, May 19th. Finally, Peel Hunt reissued 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 given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Travis Perkins has an average rating of “Hold” and an average price target of GBX 627.17.

Travis Perkins Stock Up 1.9%

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

Travis Perkins (LON:TPK) last released its quarterly earnings data on Tuesday, August 4th. The company reported GBX 15.10 EPS 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 expect 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.