Travis Perkins plc (LON:TPK) has been given an average recommendation of “Hold” by the fourteen research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 1,372.33 ($17.93).
TPK has been the subject of several research analyst reports. Jefferies Financial Group upgraded Travis Perkins to a “buy” rating and set a GBX 1,439 ($18.80) price objective for the company in a report on Friday, September 11th. UBS Group raised their target price on shares of Travis Perkins from GBX 1,070 ($13.98) to GBX 1,130 ($14.77) and gave the stock a “neutral” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price target on Travis Perkins from GBX 1,040 ($13.59) to GBX 1,050 ($13.72) and gave the company an “underweight” rating in a report on Wednesday, September 2nd. Davy Research raised Travis Perkins to a “neutral” rating in a research note on Thursday, May 28th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Travis Perkins in a research report on Tuesday, July 28th.
In related news, insider Alan Williams sold 17,027 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of GBX 1,140 ($14.90), for a total transaction of £194,107.80 ($253,636.22). Also, insider Coline McConville acquired 61 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was bought at an average price of GBX 1,140 ($14.90) per share, for a total transaction of £695.40 ($908.66). Insiders have bought 377 shares of company stock worth $427,668 in the last quarter.
Shares of TPK stock traded up GBX 5.50 ($0.07) during mid-day trading on Friday, hitting GBX 1,154 ($15.08). 593,579 shares of the stock traded hands, compared to its average volume of 845,795. Travis Perkins has a twelve month low of GBX 573.80 ($7.50) and a twelve month high of GBX 1,841 ($24.06). The company has a debt-to-equity ratio of 79.40, a quick ratio of 0.79 and a current ratio of 1.31. The company’s 50-day simple moving average is GBX 1,181.60 and its 200-day simple moving average is GBX 1,103.26. The firm has a market cap of $2.91 billion and a price-to-earnings ratio of -961.67.
About Travis Perkins
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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