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

Key Points

• Travis Perkins plc shares rose by 6.7%, closing at GBX 648.35 ($8.66), with trading volume significantly increasing by 135% compared to the average.
• Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average target price of GBX 663.50.
• The company reported a negative return on equity of 0.85% and negative net margin of 0.37% in its last quarterly earnings.

Travis Perkins plc (LON:TPK - Get Free Report) shares were up 6.7% 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 recent research reports. Berenberg Bank reaffirmed a "hold" rating and set a GBX 650 price objective on shares of Travis Perkins in a report on Monday, September 8th. Peel Hunt reaffirmed a "buy" rating and set a GBX 740 price target on shares of Travis Perkins in a research note on Thursday, October 16th. Jefferies Financial Group decreased their price target on shares of 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. reaffirmed an "overweight" rating on shares of Travis Perkins in a research note on Friday, October 17th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Travis Perkins has a consensus rating of "Moderate Buy" and an average target price of GBX 663.50.

Travis Perkins Stock Up 6.7%

The company has a fifty day moving average of GBX 602.08 and a two-hundred day moving average of GBX 590.69. The company has a market cap of £1.37 billion, a PE ratio of -24.56, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The company has a debt-to-equity ratio of 48.33, a quick ratio of 0.84 and a current ratio of 1.65.

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 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, analysts anticipate that Travis Perkins plc will post 59.251837 earnings per share for the current fiscal 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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