Travis Perkins plc (LON:TPK) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Travis Perkins, with two sell, one hold, and three buy recommendations. The average 12-month price target is GBX 627.17, compared with the stock’s reported opening price of GBX 612.50.
• Recent broker views were mixed: JPMorgan raised its target to GBX 710 with an “overweight” rating, while Jefferies maintained “underperform” with a GBX 443 target; other targets ranged from GBX 550 to GBX 660.
• Travis Perkins reported quarterly earnings per share of GBX 15.10, but continued to post a negative return on equity of 9.63% and a negative net margin of 3.81%. An insider also purchased 1,483 shares for approximately £9,921.

Travis Perkins plc (LON:TPK - Get Free Report) has earned an average rating of "Hold" from the six analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 627.17.

A number of research firms recently commented on TPK. Berenberg Bank boosted their price target on Travis Perkins from GBX 580 to GBX 650 and gave the stock a "hold" rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Travis Perkins from GBX 470 to GBX 550 and gave the company a "sell" rating in a report on Wednesday, August 5th. Jefferies Financial Group reiterated an "underperform" rating and set a GBX 443 price objective on shares of Travis Perkins in a research report on Wednesday, August 5th. Peel Hunt reissued a "buy" rating and issued a GBX 660 target price on shares of Travis Perkins in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Travis Perkins from GBX 630 to GBX 710 and gave the stock an "overweight" rating in a report on Friday, August 7th.

Insider Transactions at Travis Perkins

In related news, insider Jeremy (Jez) Maiden purchased 1,483 shares of the firm'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. Corporate insiders own 0.79% of the company's stock.

Travis Perkins Price Performance

LON:TPK opened at GBX 612.50 on Thursday. 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 business's 50-day simple moving average is GBX 611.55 and its two-hundred day simple moving average is GBX 574.55. The stock has a market cap of £1.30 billion, a PE ratio of -7.51, a P/E/G ratio of 6.44 and a beta of 1.30. Travis Perkins has a 52 week low of GBX 493.40 and a 52 week high of GBX 723.50.

Travis Perkins (LON:TPK - Get Free Report) last released 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, analysts forecast that Travis Perkins will post 59.251837 EPS 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. 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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