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

Travis Perkins (LON:TPK) had its target price lowered by stock analysts at JPMorgan Chase & Co. from GBX 712 to GBX 680 in a report released on Tuesday, Marketbeat reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 19.40% from the stock’s previous close.

Several other brokerages have also recently commented on TPK. Jefferies Financial Group decreased their target price on shares of Travis Perkins from GBX 531 to GBX 507 and set an “underperform” rating for the company in a report on Thursday, March 19th. Citigroup upped their price target on shares of Travis Perkins from GBX 700 to GBX 750 and gave the company a “buy” rating in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 665.40.

Travis Perkins Trading Up 0.8%

Shares of LON TPK opened at GBX 569.50 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.72 and a debt-to-equity ratio of 59.00. Travis Perkins has a 12 month low of GBX 477.37 and a 12 month high of GBX 723.50. The company has a market cap of £1.20 billion, a price-to-earnings ratio of -21.57, a P/E/G ratio of 6.44 and a beta of 1.31. The business has a fifty day simple moving average of GBX 646.32 and a 200-day simple moving average of GBX 626.64.

Travis Perkins (LON:TPK) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 30.80 earnings per share for the quarter. Travis Perkins had a negative return on equity of 9.35% and a negative net margin of 3.86%. Sell-side analysts predict that Travis Perkins will post 59.251837 EPS for the current year.

Insiders Place Their Bets

In related news, insider Duncan Cooper sold 6,591 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of GBX 564, for a total value of £37,173.24. Insiders own 0.78% 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.