Travis Perkins (LON:TPK) Hits New 52-Week Low – Here’s What Happened

Shares of Travis Perkins plc (LON:TPK) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 509 and last traded at GBX 511.67, with a volume of 520914 shares. The stock had previously closed at GBX 512.

Analyst Ratings Changes

Several brokerages have commented on TPK. JPMorgan Chase & Co. decreased their price objective on shares of Travis Perkins from GBX 712 to GBX 680 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Jefferies Financial Group cut their target price on shares of Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Citigroup increased their price target on shares of Travis Perkins from GBX 700 to GBX 750 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 620 price objective on shares of Travis Perkins in a report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 650.80.

Travis Perkins Stock Performance

The company has a 50 day moving average of GBX 572.80 and a two-hundred day moving average of GBX 616.77. The company has a debt-to-equity ratio of 59.00, a current ratio of 1.72 and a quick ratio of 0.84. The company has a market capitalization of £1.08 billion, a PE ratio of -6.13, a PEG ratio of 6.44 and a beta of 1.28.

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

Insider Transactions at Travis Perkins

In related news, insider Duncan Cooper sold 6,591 shares of the business’s 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.