Travis Perkins (LON:TPK) Price Target Cut to GBX 594 by Analysts at Jefferies Financial Group

Key Points

• Jefferies Financial Group has lowered its price target for Travis Perkins from GBX 605 to GBX 594, maintaining a "hold" rating on the stock.
• The average consensus rating for Travis Perkins is currently a "Moderate Buy", with an average target price of GBX 663.50.
• Travis Perkins reported a -0.85% return on equity and a -0.37% negative net margin in its latest quarterly earnings data.

Travis Perkins (LON:TPK - Get Free Report) had its price objective reduced by research analysts at Jefferies Financial Group from GBX 605 to GBX 594 in a report released on Monday,Digital Look reports. The brokerage currently has a "hold" rating on the stock. Jefferies Financial Group's target price would indicate a potential upside of 0.29% from the stock's current price.

A number of other research firms also recently commented on TPK. Peel Hunt restated a "buy" rating and set a GBX 740 price objective on shares of Travis Perkins in a report on Thursday. Berenberg Bank reiterated a "hold" rating and issued a GBX 650 price target on shares of Travis Perkins in a report on Monday, September 8th. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Travis Perkins in a report on Friday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 663.50.

Travis Perkins Trading Down 2.1%

TPK stock opened at GBX 592.30 on Monday. The company has a market cap of £1.25 billion, a price-to-earnings ratio of -22.44, a PEG ratio of 6.44 and a beta of 1.52. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 48.33. The business has a fifty day simple moving average of GBX 601.73 and a 200-day simple moving average of GBX 589.51. Travis Perkins has a 52 week low of GBX 477.37 and a 52 week high of GBX 938.50.

Travis Perkins (LON:TPK - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported GBX 13.30 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, equities research analysts expect that Travis Perkins will post 59.251837 EPS for the current 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.

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