Jefferies Financial Group Forecasts Strong Price Appreciation for Travis Perkins (LON:TPK) Stock

Key Points

• Jefferies raised its target price for Travis Perkins from GBX 443 to GBX 453 but maintained an “underperform” rating, implying roughly 30% downside from the previous close.
• Analyst views remain mixed: the stock has a consensus “hold” rating and an average target price of GBX 628.83, with individual targets ranging from GBX 453 to GBX 710.
• Travis Perkins reported quarterly earnings of GBX 15.10 per share while posting negative net margins and return on equity; insider Jeremy Maiden separately bought 1,483 shares for approximately £9,921.

Travis Perkins (LON:TPK - Get Free Report) had its target price increased by research analysts at Jefferies Financial Group from GBX 443 to GBX 453 in a report issued on Monday, London Stock Exchange reports. The brokerage currently has an "underperform" rating on the stock. Jefferies Financial Group's price target would indicate a potential downside of 29.93% from the company's previous close.

Other research analysts have also issued research reports about the stock. Peel Hunt reaffirmed a "buy" rating and set a GBX 660 price objective on shares of Travis Perkins in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price objective on Travis Perkins from GBX 630 to GBX 710 and gave the stock an "overweight" rating in a report on Friday, August 7th. Berenberg Bank boosted their price objective on Travis Perkins from GBX 580 to GBX 650 and gave the company a "hold" rating in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Travis Perkins from GBX 470 to GBX 550 and gave the company a "sell" rating in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of GBX 628.83.

Travis Perkins Price Performance

LON:TPK opened at GBX 646.50 on Monday. The stock has a market cap of £1.37 billion, a P/E ratio of -7.92, a PEG ratio of 6.44 and a beta of 1.30. Travis Perkins has a one year low of GBX 493.40 and a one year high of GBX 723.50. The company has a fifty day moving average price of GBX 612.93 and a 200 day moving average price of GBX 574.49. The company has a debt-to-equity ratio of 56.92, a current ratio of 1.66 and a quick ratio of 0.84.

Travis Perkins (LON:TPK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported GBX 15.10 earnings per share for the quarter. Travis Perkins had a negative net margin of 3.81% and a negative return on equity of 9.63%. Analysts anticipate that Travis Perkins will post 59.251837 earnings per share for the current year.

Insider Buying and Selling at Travis Perkins

In related news, insider Jeremy (Jez) Maiden bought 1,483 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The stock was acquired at an average price of GBX 669 per share, for a total transaction of £9,921.27. Corporate insiders own 0.79% 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.

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