Travis Perkins' (TPK) Overweight Rating Reiterated at JPMorgan Chase & Co.

Key Points

• Travis Perkins' stock maintains an "overweight" rating from JPMorgan Chase & Co., reaffirming positive investor confidence.
• The stock's average target price is set at GBX 666.25, with two analysts rating it as a Buy and two as Hold.
• Travis Perkins reported a negative net margin of 0.37% and earnings of GBX 13.30 per share in its last quarterly report.

Travis Perkins (LON:TPK - Get Free Report)'s stock had its "overweight" rating restated by analysts at JPMorgan Chase & Co. in a research report issued on Friday,Digital Look reports.

TPK has been the topic of a number of other reports. Jefferies Financial Group lifted their price target on shares of Travis Perkins from GBX 600 to GBX 605 and gave the stock a "hold" rating in a research report on Wednesday, October 1st. Peel Hunt reissued a "buy" rating and set a GBX 740 price target on shares of Travis Perkins in a research report on Thursday. Finally, Berenberg Bank reissued a "hold" rating and set a GBX 650 price target on shares of Travis Perkins in a research report on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 666.25.

Travis Perkins Price Performance

Shares of TPK stock opened at GBX 603.04 on Friday. Travis Perkins has a 52-week low of GBX 477.37 and a 52-week high of GBX 938.50. The stock has a market cap of £1.27 billion, a PE ratio of -2,284.23, a PEG 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. The firm's 50 day moving average price is GBX 601.86 and its two-hundred day moving average price is GBX 587.49.

Travis Perkins (LON:TPK - Get Free Report) last announced its quarterly earnings data 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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