Travis Perkins’ (TPK) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Travis Perkins (LON:TPK – Free Report) in a research report report published on Tuesday morning,Digital Look reports. The firm currently has a GBX 660 price objective on the stock.

Several other equities analysts have also recently commented on the company. Berenberg Bank reduced their target price on Travis Perkins from GBX 620 to GBX 580 and set a “hold” rating for the company in a research note on Wednesday, July 8th. Jefferies Financial Group reduced their price objective on shares of Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Travis Perkins from GBX 680 to GBX 630 and set an “overweight” rating for the company in a research report on Tuesday, May 19th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 613.83.

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Travis Perkins Stock Performance

Shares of TPK stock opened at GBX 666.29 on Tuesday. The company has a debt-to-equity ratio of 59.00, a current ratio of 1.72 and a quick ratio of 0.84. The company’s fifty day moving average price is GBX 558.30 and its two-hundred day moving average price is GBX 584.82. The firm has a market capitalization of £1.41 billion, a P/E ratio of -8.00, a P/E/G ratio of 6.44 and a beta of 1.28. Travis Perkins has a 12 month low of GBX 493.40 and a 12 month high of GBX 723.50.

Travis Perkins (LON:TPK – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported GBX 15.10 earnings per share (EPS) for the quarter. Travis Perkins had a negative return on equity of 9.35% and a negative net margin of 3.86%. On average, research analysts anticipate that Travis Perkins will post 59.251837 earnings per share for the current fiscal year.

About Travis Perkins

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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. 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.

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