Shares of Travis Perkins plc (LON:TPK - Get Free Report) traded up 6.7% during trading on Thursday . The stock traded as high as GBX 655.50 ($8.76) and last traded at GBX 648.35 ($8.66). 4,115,632 shares were traded 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).
Analysts Set New Price Targets
Several analysts have recently commented on the stock. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Travis Perkins in a report on Friday, October 17th. Peel Hunt reaffirmed a "buy" rating and issued a GBX 740 price objective on shares of Travis Perkins in a report on Thursday, October 16th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 650 price objective on shares of Travis Perkins in a report on Monday, September 8th. Finally, Jefferies Financial Group dropped their price objective on shares of Travis Perkins from GBX 605 to GBX 594 and set a "hold" rating on the stock in a report on Monday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 663.50.
Check Out Our Latest Analysis on TPK
Travis Perkins Stock Performance
The company has a debt-to-equity ratio of 48.33, a quick ratio of 0.84 and a current ratio of 1.65. The firm's 50 day moving average is GBX 602.08 and its 200-day moving average is GBX 590.69. The stock has a market capitalization of £1.38 billion, a price-to-earnings ratio of -24.78, a PEG ratio of 6.44 and a beta of 1.52.
Travis Perkins (LON:TPK - Get Free Report) last posted its 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%. Analysts forecast that Travis Perkins plc will post 59.251837 earnings per share for the current fiscal year.
About Travis Perkins
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Travis Perkins, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Travis Perkins wasn't on the list.
While Travis Perkins currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
