Travis Perkins (LON:TPK) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from GBX 1,400 ($18.29) to GBX 1,430 ($18.69) in a research report issued on Monday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 8.27% from the company’s previous close.
Several other research firms also recently commented on TPK. Shore Capital restated a “sell” rating on shares of Travis Perkins in a research note on Tuesday, October 22nd. Berenberg Bank reiterated a “hold” rating on shares of Travis Perkins in a research note on Monday, September 30th. Barclays reiterated an “equal weight” rating on shares of Travis Perkins in a report on Wednesday, November 13th. Peel Hunt reissued a “hold” rating on shares of Travis Perkins in a research note on Monday, November 18th. Finally, Canaccord Genuity downgraded Travis Perkins to a “hold” rating and set a GBX 1,480 ($19.34) price target on the stock. in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 1,484.91 ($19.40).
Travis Perkins stock opened at GBX 1,559 ($20.37) on Monday. The company has a quick ratio of 0.60, a current ratio of 1.34 and a debt-to-equity ratio of 74.78. Travis Perkins has a 52-week low of GBX 1,012 ($13.22) and a 52-week high of GBX 1,618.50 ($21.15). The firm has a market cap of $3.93 billion and a PE ratio of 53.03. The company’s 50 day moving average is GBX 1,492.32 and its two-hundred day moving average is GBX 1,340.77.
In other news, insider John Rogers acquired 44 shares of Travis Perkins stock in a transaction dated Tuesday, October 1st. The shares were acquired at an average cost of GBX 1,309 ($17.10) per share, for a total transaction of £575.96 ($752.59). Also, insider Marianne Culver acquired 58 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were purchased at an average cost of GBX 1,541 ($20.14) per share, with a total value of £893.78 ($1,167.88). Over the last three months, insiders acquired 158 shares of company stock worth $227,614.
Travis Perkins Company Profile
Travis Perkins plc supplies building and home improvement products in the United Kingdom. The company's General Merchanting division supplies products for various types of repair, maintenance, and improvement projects, as well as new residential and commercial construction. This division serves sole traders and national housebuilders under the Travis Perkins and Benchmarx brands.
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