JPMorgan Chase & Co. Has Lowered Expectations for Travis Perkins (LON:TPK) Stock Price

Travis Perkins (LON:TPK) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from GBX 680 to GBX 630 in a report released on Tuesday,Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 22.81% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Berenberg Bank reissued a “hold” rating and issued a GBX 620 price objective on shares of Travis Perkins in a research note on Friday, March 27th. Citigroup boosted their price objective on Travis Perkins from GBX 700 to GBX 750 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Jefferies Financial Group reduced their price objective on Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Three 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 640.80.

Travis Perkins Price Performance

Shares of TPK stock opened at GBX 513 on Tuesday. The stock’s fifty day simple moving average is GBX 562.24 and its 200 day simple moving average is GBX 612.51. 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 firm has a market cap of £1.09 billion, a price-to-earnings ratio of -6.16, a P/E/G ratio of 6.44 and a beta of 1.28. Travis Perkins has a one year low of GBX 493.40 and a one year high of GBX 723.50.

Travis Perkins (LON:TPK) last announced its quarterly earnings results 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%. On average, analysts expect that Travis Perkins will post 59.251837 earnings per share for the current fiscal year.

Insider Buying and Selling at Travis Perkins

In other news, insider Duncan Cooper sold 6,591 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was 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 insiders.

About Travis Perkins

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.