Travis Perkins (LON:TPK) Given "Overweight" Rating at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has reaffirmed an "overweight" rating for Travis Perkins (LON:TPK) with a target price of GBX 670 ($8.91), indicating a potential upside of 16.62% from current levels.
• Berenberg Bank has issued a "hold" rating with a lower target price of GBX 650 ($8.64) for Travis Perkins shares.
• Travis Perkins' stock is currently priced at GBX 574.50 ($7.64), reflecting a 1.7% increase, with a twelve month price range between GBX 477.37 ($6.35) and GBX 964 ($12.82).

JPMorgan Chase & Co. reissued their overweight rating on shares of Travis Perkins (LON:TPK - Free Report) in a report issued on Wednesday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a GBX 670 ($9.01) price target on the stock.

Separately, Berenberg Bank reissued a "hold" rating and set a GBX 650 ($8.74) price objective on shares of Travis Perkins in a report on Thursday, May 1st.

Travis Perkins Stock Performance

Shares of TPK traded up GBX 11.50 ($0.15) on Wednesday, reaching GBX 611.50 ($8.22). 519,435 shares of the company's stock traded hands, compared to its average volume of 1,905,736. The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 48.33. The stock has a market cap of £1.29 billion, a PE ratio of -74.03, a PEG ratio of 6.44 and a beta of 1.52. The stock's 50 day simple moving average is GBX 593.98 and its two-hundred day simple moving average is GBX 601.01. Travis Perkins has a 52-week low of GBX 477.37 ($6.42) and a 52-week high of GBX 964 ($12.97).

Travis Perkins (LON:TPK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported GBX 13.30 ($0.18) EPS for the quarter. Travis Perkins had a negative return on equity of 0.85% and a negative net margin of 0.37%. On average, analysts forecast 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.