JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Travis Perkins (LON:TPK) Stock

Travis Perkins (LON:TPK) had its price objective lifted by research analysts at JPMorgan Chase & Co. from GBX 670 to GBX 720 in a report released on Wednesday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 15.85% from the company’s current price.

TPK has been the subject of several other reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 650 target price on shares of Travis Perkins in a research report on Monday, September 8th. Peel Hunt reaffirmed a “buy” rating and set a GBX 740 price objective on shares of Travis Perkins in a report on Thursday, October 16th. Finally, Jefferies Financial Group decreased their target price on shares of Travis Perkins from GBX 605 to GBX 594 and set a “hold” rating on the stock in a research report on Monday, October 20th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Travis Perkins currently has an average rating of “Moderate Buy” and a consensus price target of GBX 676.

Travis Perkins Price Performance

Shares of TPK stock opened at GBX 621.50 on Wednesday. Travis Perkins has a 12 month low of GBX 477.37 and a 12 month high of GBX 772.50. The company has a market capitalization of £1.31 billion, a P/E ratio of -23.54, a P/E/G ratio of 6.44 and a beta of 1.52. The stock has a 50 day moving average of GBX 619.83 and a two-hundred day moving average of GBX 605.05. The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 48.33.

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.