Berenberg Bank Reiterates "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 equities research analysts at Berenberg Bank in a research note issued on Monday, MarketBeat.com reports. They presently have a GBX 650 target price on the stock. Berenberg Bank's price objective points to a potential upside of 13.64% from the stock's current price.

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

Travis Perkins Price Performance

Shares of LON:TPK traded down GBX 8 on Monday, reaching GBX 572. 535,154 shares of the company were exchanged, compared to its average volume of 1,864,306. The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 48.33. Travis Perkins has a 1-year low of GBX 477.37 and a 1-year high of GBX 964. The firm has a market cap of £1.21 billion, a price-to-earnings ratio of -2,166.67, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The company has a 50-day moving average of GBX 583.85 and a 200-day moving average of GBX 585.59.

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

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.