Travis Perkins (LON:TPK) Reaches New 52-Week Low – What’s Next?

Travis Perkins plc (LON:TPK) shares hit a new 52-week low on Tuesday . The stock traded as low as GBX 493.40 and last traded at GBX 507.50, with a volume of 565261 shares. The stock had previously closed at GBX 506.50.

Wall Street Analyst Weigh In

TPK has been the subject of several research reports. Jefferies Financial Group decreased their price target on shares of Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating for the company in a research note on Monday, April 20th. Berenberg Bank reissued a “hold” rating and issued a GBX 620 price objective on shares of Travis Perkins in a report on Friday, March 27th. JPMorgan Chase & Co. cut their price objective on Travis Perkins from GBX 712 to GBX 680 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Finally, Citigroup increased their price objective on Travis Perkins from GBX 700 to GBX 750 and gave the company a “buy” rating in a report on Monday, January 26th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 650.80.

Travis Perkins Stock Up 1.0%

The firm has a fifty day simple moving average of GBX 562.24 and a 200-day simple moving average of GBX 612.51. The firm has a market cap of £1.09 billion, a price-to-earnings ratio of -6.15, a P/E/G ratio of 6.44 and a beta of 1.28. The company has a debt-to-equity ratio of 59.00, a quick ratio of 0.84 and a current ratio of 1.72.

Travis Perkins (LON:TPK) last announced its quarterly earnings results on Tuesday, March 17th. The company reported GBX 30.80 earnings per share (EPS) for the quarter. Travis Perkins had a negative return on equity of 9.35% and a negative net margin of 3.86%. As a group, sell-side analysts expect that Travis Perkins plc will post 59.251837 EPS for the current year.

Insider Buying and Selling at Travis Perkins

In other news, insider Duncan Cooper sold 6,591 shares of Travis Perkins stock in a transaction on Thursday, March 19th. The stock was sold at an average price of GBX 564, for a total transaction of £37,173.24. Corporate 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.