Berenberg Bank Reaffirms Hold Rating for Travis Perkins (LON:TPK)

Key Points

• Berenberg Bank has **reaffirmed a "hold" rating** for Travis Perkins with a price target of **GBX 650**, indicating a potential upside of **12.46%** from the previous close.
• Separately, JPMorgan Chase & Co. maintained an **"overweight" rating** with a **GBX 670** price objective, while the stock currently holds a consensus rating of **"Moderate Buy"** with an average target price of **GBX 660**.
• Travis Perkins recently reported a **negative net margin** of **0.37%** and has an earnings per share forecast of **59.25** for the current fiscal year, highlighting ongoing financial challenges.

Travis Perkins (LON:TPK - Get Free Report)'s stock had its "hold" rating restated by stock analysts at Berenberg Bank in a research note issued on Monday,London Stock Exchange reports. They currently have a GBX 650 price target on the stock. Berenberg Bank's price objective indicates a potential upside of 12.46% from the company's previous close.

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 670 price objective on shares of Travis Perkins in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 660.

Travis Perkins Stock Performance

Shares of TPK stock traded down GBX 5.50 on Monday, hitting GBX 578. The company's stock had a trading volume of 56,238 shares, compared to its average volume of 1,887,300. The company has a debt-to-equity ratio of 48.33, a quick ratio of 0.84 and a current ratio of 1.65. The stock's 50 day moving average is GBX 586.31 and its 200-day moving average is GBX 587.38. Travis Perkins has a fifty-two week low of GBX 477.37 and a fifty-two week high of GBX 964. The company has a market capitalization of £1.22 billion, a PE ratio of -2,189.39, a PEG ratio of 6.44 and a beta of 1.52.

Travis Perkins (LON:TPK - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported GBX 13.30 EPS for the quarter. Travis Perkins had a negative net margin of 0.37% and a negative return on equity of 0.85%. Equities research analysts expect that Travis Perkins will post 59.251837 earnings per share for the current fiscal year.

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.

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