Jefferies Financial Group Lowers Travis Perkins (LON:TPK) Price Target to GBX 594

Travis Perkins (LON:TPKGet Free Report) had its price target reduced by Jefferies Financial Group from GBX 605 to GBX 594 in a research note issued to investors on Monday, MarketBeat.com reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential downside of 2.22% from the stock’s current price.

Several other research firms also recently issued reports on TPK. Berenberg Bank restated a “hold” rating and set a GBX 650 price objective on shares of Travis Perkins in a report on Monday, September 8th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Travis Perkins in a report on Friday, October 17th. Finally, Peel Hunt restated a “buy” rating and set a GBX 740 price objective on shares of Travis Perkins in a report on Thursday, October 16th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Travis Perkins currently has an average rating of “Moderate Buy” and a consensus price target of GBX 663.50.

Read Our Latest Report on Travis Perkins

Travis Perkins Stock Performance

TPK opened at GBX 607.50 on Monday. Travis Perkins has a 52-week low of GBX 477.37 and a 52-week high of GBX 938.50. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 48.33. The company has a market cap of £1.28 billion, a P/E ratio of -23.01, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The firm’s 50-day moving average price is GBX 601.43 and its 200-day moving average price is GBX 590.29.

Travis Perkins (LON:TPKGet Free Report) last posted 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, equities analysts anticipate that Travis Perkins will post 59.251837 EPS for the current fiscal year.

Travis Perkins Company Profile

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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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