Travis Perkins (LON:TPK) Hits New 1-Year Low - Should You Sell?

Key Points

• Travis Perkins hit a new 52-week low, trading as low as GBX 516 and last at GBX 525.75 (about a 5% drop from the prior close of GBX 546) on volume of 3,069,345 shares.
• Analysts are mixed: the consensus rating is Hold with an average price target of GBX 650.80, but individual targets span GBX 464 to GBX 750 and include Buy, Hold and Sell opinions.
• Company fundamentals show weakness, with a negative PE (-6.22), negative net margin (-3.86%) and negative ROE (-9.35%), alongside a market cap of ~£1.10bn and a debt-to-equity ratio of 59.00.

Travis Perkins plc (LON:TPK - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 516 and last traded at GBX 525.75, with a volume of 3069345 shares. The stock had previously closed at GBX 546.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TPK shares. JPMorgan Chase & Co. dropped their price target on Travis Perkins from GBX 712 to GBX 680 and set an "overweight" rating for the company in a research report on Tuesday, March 24th. Jefferies Financial Group dropped their price target on Travis Perkins from GBX 507 to GBX 464 and set an "underperform" rating for the company in a research report on Monday, April 20th. Citigroup upped their price objective on shares of Travis Perkins from GBX 700 to GBX 750 and gave the company a "buy" rating in a report on Monday, January 26th. Finally, Berenberg Bank reissued a "hold" rating and issued a GBX 620 price objective on shares of Travis Perkins in a report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of GBX 650.80.

Travis Perkins Trading Down 5.0%

The company has a debt-to-equity ratio of 59.00, a current ratio of 1.72 and a quick ratio of 0.84. The company has a market cap of £1.10 billion, a PE ratio of -6.22, a price-to-earnings-growth ratio of 6.44 and a beta of 1.34. The company's 50 day simple moving average is GBX 602.85 and its two-hundred day simple moving average is GBX 622.80.

Travis Perkins (LON:TPK - Get Free Report) last announced its earnings results on Tuesday, March 17th. The company reported GBX 30.80 earnings per share for the quarter. Travis Perkins had a negative net margin of 3.86% and a negative return on equity of 9.35%. As a group, sell-side analysts anticipate that Travis Perkins plc will post 59.251837 EPS for the current fiscal year.

Insider Activity at Travis Perkins

In other news, insider Duncan Cooper sold 6,591 shares of the firm's stock in a transaction on Thursday, March 19th. The stock was sold at an average price of GBX 564, for a total transaction of £37,173.24. 0.78% of the stock is currently owned by corporate insiders.

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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