Travis Perkins (LON:TPK) Receives Underperform Rating from Jefferies Financial Group

Travis Perkins (LON:TPKGet Free Report)‘s stock had its “underperform” rating reaffirmed by analysts at Jefferies Financial Group in a research note issued to investors on Wednesday,London Stock Exchange reports. They presently have a GBX 443 price target on the stock. Jefferies Financial Group’s price objective would indicate a potential downside of 33.88% from the stock’s current price.

Several other analysts have also issued reports on TPK. JPMorgan Chase & Co. reduced their price target on shares of Travis Perkins from GBX 680 to GBX 630 and set an “overweight” rating on the stock in a research report on Tuesday, May 19th. Berenberg Bank boosted their price objective on shares of Travis Perkins from GBX 580 to GBX 650 and gave the company a “hold” rating in a research report on Wednesday. Finally, Peel Hunt restated a “buy” rating and set a GBX 660 target price on shares of Travis Perkins in a research note on Tuesday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Travis Perkins currently has an average rating of “Hold” and a consensus target price of GBX 626.60.

Read Our Latest Analysis on Travis Perkins

Travis Perkins Price Performance

TPK stock traded down GBX 8.50 during mid-day trading on Wednesday, hitting GBX 670. The stock had a trading volume of 11,298,269 shares, compared to its average volume of 3,157,670. The company has a current ratio of 1.72, a quick ratio of 0.84 and a debt-to-equity ratio of 59.00. Travis Perkins has a 52 week low of GBX 493.40 and a 52 week high of GBX 723.50. The firm has a market capitalization of £1.42 billion, a P/E ratio of -8.04, a P/E/G ratio of 6.44 and a beta of 1.28. The firm has a fifty day simple moving average of GBX 553.41 and a 200 day simple moving average of GBX 584.87.

Travis Perkins (LON:TPKGet Free Report) last issued its earnings results on Tuesday, August 4th. The company reported GBX 15.10 EPS for the quarter. Travis Perkins had a negative net margin of 3.86% and a negative return on equity of 9.35%. As a group, research analysts forecast that Travis Perkins will post 59.251837 EPS for the current year.

Key Stories Impacting Travis Perkins

Here are the key news stories impacting Travis Perkins this week:

  • Positive Sentiment: First-half profit increased as price increases and cost-cutting measures offset challenging market conditions. Management also highlighted operational progress and an improving balance sheet, supporting the turnaround narrative. Reuters article
  • Positive Sentiment: Improved margins were the main catalyst behind the market’s favorable reaction. Reports said the company is moving in the right direction operationally, even though a broader recovery in merchanting has yet to arrive. Investors’ Chronicle article
  • Positive Sentiment: Peel Hunt reaffirmed its “buy” rating and set a GBX 660 price target, indicating continued confidence in Travis Perkins’ recovery and margin-improvement strategy. Digital Look broker note

About Travis Perkins

(Get Free Report)

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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Analyst Recommendations for Travis Perkins (LON:TPK)

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