Travis Perkins plc (LON:TPK) Stock Has Consensus Target Price of GBX 628.83 According to Analysts

Travis Perkins plc (LON:TPK) has been given an average recommendation of “Hold” by the six ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 628.83.

Several research firms have recently issued reports on TPK. Berenberg Bank raised their price objective on Travis Perkins from GBX 580 to GBX 650 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 453 target price on shares of Travis Perkins in a report on Tuesday, October 13th. JPMorgan Chase & Co. boosted their target price on Travis Perkins from GBX 630 to GBX 710 and gave the company an “overweight” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft increased their price target on Travis Perkins from GBX 470 to GBX 550 and gave the company a “sell” rating in a report on Wednesday, August 5th. Finally, Peel Hunt restated a “buy” rating and set a GBX 660 price target on shares of Travis Perkins in a report on Tuesday, August 4th.

Travis Perkins Stock Up 1.0%

Shares of LON:TPK opened at GBX 620 on Monday. The company has a market cap of £1.31 billion, a price-to-earnings ratio of -7.60, a PEG ratio of 6.44 and a beta of 1.30. Travis Perkins has a 12 month low of GBX 493.40 and a 12 month high of GBX 723.50. The company has a current ratio of 1.66, a quick ratio of 0.84 and a debt-to-equity ratio of 56.92. The company has a 50-day moving average price of GBX 606.03 and a 200 day moving average price of GBX 576.42.

Travis Perkins (LON:TPK) last issued its quarterly earnings data 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 predict that Travis Perkins will post 59.25 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Jeremy (Jez) Maiden acquired 1,483 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were acquired at an average price of GBX 669 per share, for a total transaction of £9,921.27. 0.79% of the stock is owned by insiders.

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.