Travis Perkins (LON:TPK) Shares Up 6.7% - Still a Buy?

Key Points

• Travis Perkins plc shares surged by **6.7%** during trading, reaching a high of **GBX 655.50** ($8.76) before closing at **GBX 648.35** ($8.66).
• Brokerages have mixed ratings on the stock, with **two "Buy" ratings** and **two "Hold" ratings**, and an average price target set at **GBX 663.50**.
• The company is projected to report an earnings per share (**EPS**) of **59.25** for the current fiscal year, following a recent quarterly report showing an EPS of **GBX 13.30**.

Shares of Travis Perkins plc (LON:TPK - Get Free Report) shot up 6.7% during trading on Wednesday . The stock traded as high as GBX 655.50 ($8.76) and last traded at GBX 648.35 ($8.66). 4,115,632 shares traded hands during mid-day trading, an increase of 135% from the average session volume of 1,751,510 shares. The stock had previously closed at GBX 607.50 ($8.12).

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TPK. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 650 price target on shares of Travis Perkins in a research note on Monday, September 8th. Peel Hunt reissued a "buy" rating and issued a GBX 740 price objective on shares of Travis Perkins in a research note on Thursday, October 16th. Jefferies Financial Group reduced their price objective on Travis Perkins from GBX 605 to GBX 594 and set a "hold" rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of Travis Perkins in a research note on Friday, October 17th. Two research 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 company has a consensus rating of "Moderate Buy" and an average price target of GBX 663.50.

Travis Perkins Stock Performance

The stock has a 50-day moving average of GBX 602.08 and a 200 day moving average of GBX 590.69. The company has a debt-to-equity ratio of 48.33, a current ratio of 1.65 and a quick ratio of 0.84. The stock has a market capitalization of £1.37 billion, a price-to-earnings ratio of -24.56, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52.

Travis Perkins (LON:TPK - Get Free Report) last announced 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, analysts expect that Travis Perkins plc 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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