Travis Perkins (LON:TPK) Given New GBX 680 Price Target at JPMorgan Chase & Co.

Travis Perkins (LON:TPK) had its price objective cut by JPMorgan Chase & Co. from GBX 712 to GBX 680 in a research report issued to clients and investors on Tuesday,Digital Look reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 21.86% from the company’s previous close.

Several other brokerages also recently commented on TPK. Citigroup upped their price target 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. Jefferies Financial Group decreased their target price on Travis Perkins from GBX 531 to GBX 507 and set an “underperform” rating for the company in a research report on Thursday, March 19th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 665.40.

Travis Perkins Stock Down 0.4%

Shares of Travis Perkins stock opened at GBX 558 on Tuesday. The stock’s fifty day moving average is GBX 649.56 and its 200-day moving average is GBX 627.16. The firm has a market capitalization of £1.18 billion, a PE ratio of -21.14, a price-to-earnings-growth ratio of 6.44 and a beta of 1.31. Travis Perkins has a 12-month low of GBX 477.37 and a 12-month high of GBX 723.50. The company has a quick ratio of 0.84, a current ratio of 1.72 and a debt-to-equity ratio of 59.00.

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

Insider Buying and Selling

In other Travis Perkins news, insider Duncan Cooper sold 6,591 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of GBX 564, for a total value of £37,173.24. Insiders own 0.78% of the company’s stock.

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.