Travis Perkins plc (LON:TPK) Stock Has Average Target Price of GBX 628.83

Key Points

• Travis Perkins has a consensus “Hold” rating from six analysts, with two sells, one hold and three buys. The average 12-month price target is GBX 628.83, compared with the reported share price of GBX 597.
• Analyst targets range from GBX 453 from Jefferies, which rates the stock “underperform,” to GBX 710 from JPMorgan, which rates it “overweight.” Other firms recently raised targets to between GBX 550 and GBX 660.
• The company reported quarterly earnings of GBX 15.10 per share, but continues to show a negative net margin of 3.81% and negative return on equity of 9.63%. Insider Jeremy Maiden bought 1,483 shares at GBX 669 each in August.

Shares of Travis Perkins plc (LON:TPK - Get Free Report) have received a consensus recommendation of "Hold" from the six ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 628.83.

Several equities analysts have recently commented on the company. Jefferies Financial Group reiterated an "underperform" rating and set a GBX 453 target price on shares of Travis Perkins in a research note on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Travis Perkins from GBX 470 to GBX 550 and gave the stock a "sell" rating in a research report on Wednesday, August 5th. Peel Hunt restated a "buy" rating and issued a GBX 660 price target on shares of Travis Perkins in a research note on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price target on shares of Travis Perkins from GBX 630 to GBX 710 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Finally, Berenberg Bank upped their price target on shares of Travis Perkins from GBX 580 to GBX 650 and gave the company a "hold" rating in a report on Wednesday, August 5th.

Insiders Place Their Bets

In related news, insider Jeremy (Jez) Maiden acquired 1,483 shares of the firm's stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of GBX 669 per share, with a total value of £9,921.27. 0.79% of the stock is currently owned by corporate insiders.

Travis Perkins Stock Performance

Shares of TPK opened at GBX 597 on Monday. The company has a market capitalization of £1.26 billion, a P/E ratio of -7.32, a P/E/G 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 debt-to-equity ratio of 56.92, a quick ratio of 0.84 and a current ratio of 1.66. The stock has a 50-day moving average price of GBX 611.21 and a 200 day moving average price of GBX 574.78.

Travis Perkins (LON:TPK - Get Free Report) last issued 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%. Sell-side analysts forecast that Travis Perkins will post 59.25 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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