Travis Perkins (LON:TPK)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Financial Group in a research report issued on Tuesday, Digital Look reports. They presently have a GBX 1,497 ($19.56) price objective on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 5.68% from the stock’s previous close.
A number of other equities analysts have also issued reports on the company. UBS Group reissued a “neutral” rating and set a GBX 1,350 ($17.64) price target (up previously from GBX 1,240 ($16.20)) on shares of Travis Perkins in a report on Friday, March 29th. Liberum Capital reissued a “buy” rating on shares of Travis Perkins in a report on Friday, March 29th. JPMorgan Chase & Co. raised their price target on Travis Perkins from GBX 1,330 ($17.38) to GBX 1,475 ($19.27) and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Barclays raised their price target on Travis Perkins from GBX 1,150 ($15.03) to GBX 1,470 ($19.21) and gave the stock an “equal weight” rating in a report on Wednesday, February 27th. Finally, Peel Hunt lowered their price target on Travis Perkins from GBX 1,240 ($16.20) to GBX 1,225 ($16.01) and set a “hold” rating on the stock in a report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. Travis Perkins currently has a consensus rating of “Hold” and an average price target of GBX 1,381.67 ($18.05).
Shares of TPK traded down GBX 13 ($0.17) during midday trading on Tuesday, reaching GBX 1,416.50 ($18.51). 964,253 shares of the stock were exchanged, compared to its average volume of 1,660,000. The company has a debt-to-equity ratio of 22.41, a quick ratio of 0.84 and a current ratio of 1.39. Travis Perkins has a twelve month low of GBX 965.60 ($12.62) and a twelve month high of GBX 1,489 ($19.46). The stock has a market capitalization of $3.52 billion and a P/E ratio of -41.18.
In other Travis Perkins news, insider Pete Redfern acquired 65 shares of the stock in a transaction on Friday, February 1st. The shares were bought at an average price of GBX 1,235 ($16.14) per share, with a total value of £802.75 ($1,048.94). Also, insider John P. Carter sold 26,739 shares of Travis Perkins stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of GBX 1,457 ($19.04), for a total value of £389,587.23 ($509,064.72).
Travis Perkins Company Profile
Travis Perkins plc supplies building and home improvement products in the United Kingdom. The company's General Merchanting division supplies products for various types of repair, maintenance, and improvement projects, as well as new residential and commercial construction. This division serves sole traders and national housebuilders under the Travis Perkins and Benchmarx brands.
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