Travis Perkins (LON:TPK) Price Target Raised to GBX 670

Travis Perkins (LON:TPK) had its target price raised by Berenberg Bank from GBX 650 to GBX 670 in a report published on Thursday,Digital Look reports. The firm currently has a hold rating on the stock.

A number of other equities research analysts have also issued reports on TPK. JPMorgan Chase & Co. increased their target price on Travis Perkins from GBX 630 to GBX 710 and gave the company an “overweight” rating in a research note on Friday, August 7th. Deutsche Bank raised their target price on Travis Perkins from GBX 470 to GBX 550 and gave the company a “sell” rating in a report on Wednesday, August 5th. Peel Hunt reissued a “buy” rating and set a GBX 660 price target on shares of Travis Perkins in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group restated an “underperform” rating and issued a GBX 453 price target on shares of Travis Perkins in a report on Tuesday, October 13th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Travis Perkins currently has a consensus rating of “Hold” and a consensus price target of GBX 632.17.

Travis Perkins Trading Down 0.8%

LON:TPK opened at GBX 640.50 on Thursday. The business’s 50-day moving average is GBX 604.96 and its two-hundred day moving average is GBX 593.73. The company has a debt-to-equity ratio of 56.92, a current ratio of 1.66 and a quick ratio of 0.84. Travis Perkins has a 12 month low of GBX 493.40 and a 12 month high of GBX 723.50. The firm has a market capitalization of £1.36 billion, a PE ratio of -7.85, a price-to-earnings-growth ratio of 6.44 and a beta of 1.27.

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.