Travis Perkins (LON:TPK – Get Free Report) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from GBX 630 to GBX 710 in a research report issued on Friday,London Stock Exchange reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 5.65% from the company’s current price.
Other analysts also recently issued reports about the company. Berenberg Bank increased their target price on Travis Perkins from GBX 580 to GBX 650 and gave the company a “hold” rating in a research note on Wednesday. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 443 price target on shares of Travis Perkins in a report on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on Travis Perkins from GBX 470 to GBX 550 and gave the company a “sell” rating in a research report on Wednesday. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 660 price objective on shares of Travis Perkins in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Travis Perkins presently has an average rating of “Hold” and a consensus price target of GBX 627.17.
Get Our Latest Stock Analysis on TPK
Travis Perkins Trading Up 1.4%
Travis Perkins (LON:TPK – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported GBX 15.10 earnings per share for the quarter. Travis Perkins had a negative net margin of 3.86% and a negative return on equity of 9.35%. On average, equities research analysts forecast that Travis Perkins will post 59.251837 earnings per share for the current fiscal year.
About Travis Perkins
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. In addition, the company provides in specialist civils and drainage solutions; and air-conditioning and refrigeration products and heat pumps. Further, it provides insulation and interior building products to interior building specialists, contractors, and builders; and kitchens and joinery products.
Further Reading
- Five stocks we like better than Travis Perkins
- Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
- 4 Oil and Gas ETF Plays as Prices Stay Sky-High
- What Tesla Stands to Lose If It Walks Away From China
- Disney Sets Up for a Magical Year in 2027
Receive News & Ratings for Travis Perkins Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travis Perkins and related companies with MarketBeat.com's FREE daily email newsletter.
