Travis Perkins (LON:TPK – Free Report) had its target price raised by Jefferies Financial Group from GBX 443 to GBX 453 in a report released on Monday, Marketbeat.com reports. They currently have an underperform rating on the stock.
A number of other equities research analysts have also recently commented on the stock. Berenberg Bank increased their price objective on shares of Travis Perkins from GBX 580 to GBX 650 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Peel Hunt restated a “buy” rating and set a GBX 660 target price on shares of Travis Perkins in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Travis Perkins from GBX 470 to GBX 550 and gave the company a “sell” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Travis Perkins from GBX 630 to GBX 710 and gave the company an “overweight” rating in a research report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Travis Perkins currently has an average rating of “Hold” and an average target price of GBX 628.83.
Read Our Latest Analysis on TPK
Travis Perkins Stock Up 3.6%
Travis Perkins (LON:TPK – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported GBX 15.10 earnings per share for the quarter. Travis Perkins had a negative return on equity of 9.63% and a negative net margin of 3.81%. Analysts anticipate that Travis Perkins will post 59.251837 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Jeremy (Jez) Maiden bought 1,483 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of GBX 669 per share, with a total value of £9,921.27. Corporate insiders own 0.79% of the company’s stock.
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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