Travis Perkins (LON:TPK) Trading 6.7% Higher - Still a Buy?

Key Points

• Travis Perkins plc shares rose by 6.7% to GBX 648.35, with a trading volume significantly higher than the average.
• Analysts have mixed ratings, with Jefferies and Berenberg maintaining "hold" ratings and Peel Hunt offering a "buy" rating, reflecting a consensus target price of GBX 663.50.
• The company reported a quarterly EPS of GBX 13.30, with ongoing negative return on equity and net margin, indicating financial challenges despite its recent stock performance.

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

Wall Street Analyst Weigh In

TPK has been the topic of several analyst reports. Jefferies Financial Group cut their price target on Travis Perkins from GBX 605 to GBX 594 and set a "hold" rating on the stock in a research report on Monday. Peel Hunt restated a "buy" rating and issued a GBX 740 target price on shares of Travis Perkins in a research note on Thursday, October 16th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 650 target price on shares of Travis Perkins in a report on Monday, September 8th. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Travis Perkins in a research note on Friday, October 17th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 663.50.

Travis Perkins Stock Performance

The stock has a market cap of £1.37 billion, a price-to-earnings ratio of -24.56, a P/E/G ratio of 6.44 and a beta of 1.52. The firm's 50-day moving average is GBX 602.08 and its two-hundred day moving average is GBX 590.69. The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 48.33.

Travis Perkins (LON:TPK - Get Free Report) last posted 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%. As a group, sell-side analysts expect that Travis Perkins plc will post 59.251837 earnings per share 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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