Travis Perkins (LON:TPK) Price Target Raised to GBX 750

Travis Perkins (LON:TPK) had its price target hoisted by Citigroup from GBX 700 to GBX 750 in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently weighed in on TPK. Jefferies Financial Group dropped their price objective on Travis Perkins from GBX 605 to GBX 594 and set a “hold” rating for the company in a research report on Monday, October 20th. JPMorgan Chase & Co. dropped their target price on shares of Travis Perkins from GBX 720 to GBX 712 and set an “overweight” rating for the company in a report on Monday. Finally, Peel Hunt restated a “buy” rating and issued a GBX 740 price target on shares of Travis Perkins in a research note on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Travis Perkins has an average rating of “Moderate Buy” and an average price target of GBX 689.20.

Travis Perkins Trading Down 0.8%

TPK opened at GBX 648.50 on Monday. The stock has a market capitalization of £1.37 billion, a price-to-earnings ratio of -24.56, a P/E/G ratio of 6.44 and a beta of 1.52. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 48.33. Travis Perkins has a twelve month low of GBX 477.37 and a twelve month high of GBX 721. The company has a 50-day simple moving average of GBX 631.43 and a 200 day simple moving average of GBX 610.08.

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.