Citigroup Forecasts Strong Price Appreciation for Travis Perkins (LON:TPK) Stock

Travis Perkins (LON:TPK) had its price target boosted by research analysts at Citigroup from GBX 700 to GBX 750 in a note issued to investors on Monday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 14.68% from the stock’s current price.

A number of other equities analysts have also recently commented on TPK. Jefferies Financial Group reduced their price objective on shares of Travis Perkins from GBX 605 to GBX 594 and set a “hold” rating for the company in a research report on Monday, October 20th. JPMorgan Chase & Co. cut their price target on Travis Perkins from GBX 720 to GBX 712 and set an “overweight” rating for the company in a research note on Monday. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 740 price objective on shares of Travis Perkins in a research report on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 689.20.

Travis Perkins Trading Down 1.4%

LON TPK opened at GBX 654 on Monday. Travis Perkins has a 52 week low of GBX 477.37 and a 52 week high of GBX 721. The stock’s 50 day moving average price is GBX 629.85 and its two-hundred day moving average price is GBX 609.80. The stock has a market capitalization of £1.38 billion, a price-to-earnings ratio of -24.77, a PEG ratio of 6.44 and a beta of 1.52. The company has a debt-to-equity ratio of 48.33, a quick ratio of 0.84 and a current ratio of 1.65.

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.