Travis Perkins plc (LON:TPK) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Broker consensus is “Hold”: Two analysts rate Travis Perkins a sell, one a hold and three a buy. The average 12-month price target is GBX 627.17, below the stock’s reported GBX 651.50 opening price.
• Recent target changes were mixed: JPMorgan raised its target to GBX 710 with an overweight rating, while Jefferies maintained an underperform rating at GBX 443 and Deutsche Bank kept a sell rating despite raising its target to GBX 550.
• Insider activity was positive but limited: Insider Jeremy Maiden purchased 1,483 shares for approximately £9,921. Travis Perkins recently reported quarterly EPS of GBX 15.10, alongside a negative net margin of 3.81% and negative return on equity of 9.63%.

Shares of Travis Perkins plc (LON:TPK - Get Free Report) have earned an average rating of "Hold" from the six brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is GBX 627.17.

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

Insider Buying and Selling

In other Travis Perkins news, insider Jeremy (Jez) Maiden bought 1,483 shares of the business's stock in a transaction on Thursday, August 6th. The shares were acquired at an average cost 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 Trading Down 0.2%

Travis Perkins stock opened at GBX 651.50 on Friday. Travis Perkins has a 12 month low of GBX 493.40 and a 12 month high of GBX 723.50. The company has a market capitalization of £1.38 billion, a price-to-earnings ratio of -7.82, a price-to-earnings-growth ratio of 6.44 and a beta of 1.28. The business's fifty day simple moving average is GBX 593.34 and its two-hundred day simple moving average is GBX 585.66. The company has a current ratio of 1.66, a quick ratio of 0.84 and a debt-to-equity ratio of 56.92.

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 return on equity of 9.63% and a negative net margin of 3.81%. As a group, equities analysts predict 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. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source