Travis Perkins (LON:TPK) Given New GBX 507 Price Target at Jefferies Financial Group

Travis Perkins (LON:TPK) had its price target reduced by equities researchers at Jefferies Financial Group from GBX 531 to GBX 507 in a note issued to investors on Thursday,London Stock Exchange reports. The brokerage presently has an “underperform” rating on the stock. Jefferies Financial Group’s target price would indicate a potential downside of 9.79% from the company’s previous close.

TPK has been the topic of several other reports. JPMorgan Chase & Co. decreased their target price on shares of Travis Perkins from GBX 720 to GBX 712 and set an “overweight” rating on the stock in a research note on Monday, January 26th. Citigroup boosted their price objective on shares of Travis Perkins from GBX 700 to GBX 750 and gave the company a “buy” rating in a research report on Monday, January 26th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Travis Perkins presently has an average rating of “Hold” and a consensus target price of GBX 671.80.

Travis Perkins Trading Down 5.1%

TPK traded down GBX 30.50 on Thursday, hitting GBX 562. 37,228,273 shares of the company were exchanged, compared to its average volume of 2,735,446. The firm has a fifty day simple moving average of GBX 655.50 and a two-hundred day simple moving average of GBX 627. The company has a debt-to-equity ratio of 59.00, a quick ratio of 0.84 and a current ratio of 1.72. Travis Perkins has a 12 month low of GBX 477.37 and a 12 month high of GBX 723.50. The stock has a market capitalization of £1.19 billion, a PE ratio of -21.29, a price-to-earnings-growth ratio of 6.44 and a beta of 1.31.

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

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.