Travis Perkins (LON:TPK) Shares Up 18.4% – Here’s Why

Travis Perkins plc (LON:TPK)’s stock price traded up 18.4% on Tuesday . The company traded as high as GBX 687 and last traded at GBX 678.50. 2,839,678 shares were traded during trading, a decline of 8% from the average session volume of 3,102,188 shares. The stock had previously closed at GBX 573.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Travis Perkins from GBX 470 to GBX 550 and gave the stock a “sell” rating in a report on Wednesday. Peel Hunt restated a “buy” rating and set a GBX 660 price target on shares of Travis Perkins in a research note on Tuesday. Berenberg Bank upped their price target on Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on Travis Perkins from GBX 680 to GBX 630 and set an “overweight” rating on the stock in a report on Tuesday, May 19th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a GBX 443 target price on shares of Travis Perkins in a report on Wednesday. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 613.83.

Travis Perkins Trading Down 0.0%

The stock has a market capitalization of £1.41 billion, a price-to-earnings ratio of -8.00, a P/E/G ratio of 6.44 and a beta of 1.28. The company has a debt-to-equity ratio of 59.00, a quick ratio of 0.84 and a current ratio of 1.72. The firm has a fifty day moving average of GBX 555.85 and a 200-day moving average of GBX 584.79.

Travis Perkins (LON:TPK) last issued its quarterly earnings data on Tuesday, August 4th. The company reported GBX 15.10 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 analysts predict that Travis Perkins plc will post 59.251837 earnings per share for the current fiscal year.

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.