Travis Perkins’ (TPK) “Hold” Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Travis Perkins (LON:TPK) in a research note released on Friday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 620 price objective on the stock.

Other analysts have also issued research reports about the stock. Citigroup raised 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. Jefferies Financial Group decreased their target price on Travis Perkins from GBX 531 to GBX 507 and set an “underperform” rating on the stock in a research report on Thursday, March 19th. Finally, JPMorgan Chase & Co. dropped their price target on Travis Perkins from GBX 712 to GBX 680 and set an “overweight” rating for the company in a research report on Tuesday, March 24th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 659.40.

Travis Perkins Stock Down 3.0%

Shares of LON TPK opened at GBX 555.75 on Friday. Travis Perkins has a 12-month low of GBX 477.37 and a 12-month high of GBX 723.50. The company has a current ratio of 1.72, a quick ratio of 0.84 and a debt-to-equity ratio of 59.00. The stock has a market capitalization of £1.17 billion, a price-to-earnings ratio of -21.05, a P/E/G ratio of 6.44 and a beta of 1.31. The firm’s 50-day moving average price is GBX 642.10 and its 200-day moving average price is GBX 626.82.

Travis Perkins (LON:TPK) last announced 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%. On average, equities research analysts anticipate that Travis Perkins will post 59.251837 EPS for the current fiscal year.

Insiders Place Their Bets

In other Travis Perkins news, insider Duncan Cooper sold 6,591 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of GBX 564, for a total transaction of £37,173.24. 0.78% of the stock is currently owned by company insiders.

Travis Perkins Company Profile

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.