Travis Perkins (LON:TPK) Price Target Raised to GBX 605 at Jefferies Financial Group

Key Points

• Jefferies Financial Group has raised its price target for Travis Perkins from GBX 600 to GBX 605, maintaining a "hold" rating which suggests a potential downside of 2.89% from the company's last closing price.
• Travis Perkins stock traded positively, increasing by 2.0% to GBX 623 during mid-day trading, with a market capitalization of £1.32 billion and trading volume significantly above its average.
• The company reported a negative net margin of 0.37% and a negative return on equity of 0.85% for the last quarter, reflecting ongoing challenges despite market interest.

Travis Perkins (LON:TPK - Get Free Report) had its target price hoisted by research analysts at Jefferies Financial Group from GBX 600 to GBX 605 in a note issued to investors on Wednesday,Digital Look reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's price target would indicate a potential downside of 2.89% from the company's previous close.

Several other research firms have also recently weighed in on TPK. Berenberg Bank reaffirmed a "hold" rating and set a GBX 650 target price on shares of Travis Perkins in a research note on Monday, September 8th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 670 target price on shares of Travis Perkins in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Travis Perkins presently has an average rating of "Hold" and an average price target of GBX 641.67.

Travis Perkins Trading Up 2.0%

Travis Perkins stock traded up GBX 12.50 during mid-day trading on Wednesday, hitting GBX 623. The company's stock had a trading volume of 2,777,893 shares, compared to its average volume of 1,816,877. The stock has a market cap of £1.32 billion, a price-to-earnings ratio of -2,359.85, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The business has a 50 day moving average price of GBX 584.60 and a 200-day moving average price of GBX 582.78. The company has a debt-to-equity ratio of 48.33, a current ratio of 1.65 and a quick ratio of 0.84. Travis Perkins has a 12 month low of GBX 477.37 and a 12 month high of GBX 938.50.

Travis Perkins (LON:TPK - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported GBX 13.30 earnings per share (EPS) for the quarter. Travis Perkins had a negative net margin of 0.37% and a negative return on equity of 0.85%. As a group, analysts forecast that Travis Perkins will post 59.251837 EPS for the current 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.

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