JPMorgan Chase & Co. Has Lowered Expectations for Travis Perkins (LON:TPK) Stock Price

Travis Perkins (LON:TPK) had its price objective dropped by analysts at JPMorgan Chase & Co. from GBX 720 to GBX 712 in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 8.87% from the stock’s previous close.

TPK has been the topic of several other reports. Peel Hunt restated a “buy” rating and set a GBX 740 price objective on shares of Travis Perkins in a report on Thursday, October 16th. Jefferies Financial Group decreased their price target 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. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 689.20.

Travis Perkins Stock Performance

LON:TPK opened at GBX 654 on Monday. Travis Perkins has a 1-year low of GBX 477.37 and a 1-year high of GBX 721. The stock has a market cap of £1.38 billion, a P/E 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 current ratio of 1.65 and a quick ratio of 0.84. The firm has a 50-day moving average of GBX 629.85 and a two-hundred day moving average of GBX 609.80.

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.