Travis Perkins plc (LON:TPK – Get Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 577.11 and traded as high as GBX 600.50. Travis Perkins shares last traded at GBX 586.50, with a volume of 1,127,239 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Travis Perkins from GBX 630 to GBX 710 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Berenberg Bank lifted their price target on shares of Travis Perkins from GBX 580 to GBX 650 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Peel Hunt restated a “buy” rating and set a GBX 660 price target on shares of Travis Perkins in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Travis Perkins from GBX 470 to GBX 550 and gave the stock a “sell” rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 443 price objective on shares of Travis Perkins in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 627.17.
Travis Perkins Trading Up 0.6%
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 9.63% and a negative net margin of 3.81%. Equities analysts expect that Travis Perkins plc will post 59.251837 EPS for the current fiscal year.
Insider Activity
In other news, insider Jeremy (Jez) Maiden bought 1,483 shares of Travis Perkins stock in a transaction dated Thursday, August 6th. The stock was purchased at an average price of GBX 669 per share, for a total transaction of £9,921.27. 0.79% of the stock is currently owned by insiders.
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.
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