Insider Buying: Travis Perkins (LON:TPK) Insider Acquires £9,921.27 in Stock

Travis Perkins plc (LON:TPK) insider Jeremy (Jez) Maiden acquired 1,483 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were bought at an average price of GBX 669 per share, with a total value of £9,921.27.

Travis Perkins Trading Down 1.7%

Shares of LON:TPK opened at GBX 649.50 on Thursday. Travis Perkins plc has a 12-month low of GBX 493.40 and a 12-month high of GBX 723.50. The business has a 50 day moving average of GBX 568.72 and a 200-day moving average of GBX 585.15. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 56.92. The stock has a market cap of £1.38 billion, a PE ratio of -7.80, a P/E/G ratio of 6.44 and a beta of 1.28.

Travis Perkins (LON:TPK) last announced its earnings results on Tuesday, August 4th. The company reported GBX 15.10 earnings per share for the quarter. Travis Perkins had a negative return on equity of 9.63% and a negative net margin of 3.81%. As a group, equities research analysts forecast that Travis Perkins plc will post 59.251837 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on TPK. JPMorgan Chase & Co. lifted their target price on Travis Perkins from GBX 630 to GBX 710 and gave the stock an “overweight” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Travis Perkins from GBX 470 to GBX 550 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Berenberg Bank lifted their price objective on shares of Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 443 price objective on shares of Travis Perkins in a report on Wednesday, August 5th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 660 price objective on shares of Travis Perkins in a report on Tuesday, August 4th. Three 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 627.17.

About Travis Perkins

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.