Travis Perkins (LON:TPK) PT Lowered to GBX 1,400

Travis Perkins (LON:TPKGet Rating) had its target price cut by stock analysts at Royal Bank of Canada from GBX 1,500 ($18.38) to GBX 1,400 ($17.15) in a report issued on Thursday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 48.94% from the company’s previous close.

Other research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Travis Perkins from GBX 1,275 ($15.62) to GBX 1,250 ($15.32) and set a “buy” rating for the company in a research report on Wednesday. Shore Capital reissued a “sell” rating on shares of Travis Perkins in a research note on Tuesday. Citigroup reissued a “buy” rating and issued a GBX 1,590 ($19.48) price target on shares of Travis Perkins in a research note on Wednesday. Morgan Stanley reissued an “overweight” rating on shares of Travis Perkins in a research note on Wednesday, May 11th. Finally, Berenberg Bank lowered their price target on shares of Travis Perkins from GBX 1,380 ($16.91) to GBX 1,000 ($12.25) and set a “hold” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,580.50 ($19.37).

Travis Perkins Stock Down 0.1 %

Shares of LON:TPK opened at GBX 940 ($11.52) on Thursday. Travis Perkins has a 52-week low of GBX 914.20 ($11.20) and a 52-week high of GBX 1,839.60 ($22.54). The firm has a fifty day moving average of GBX 1,030.41 and a 200 day moving average of GBX 1,215.59. The firm has a market capitalization of £2.00 billion and a PE ratio of 912.62. The company has a debt-to-equity ratio of 47.57, a quick ratio of 1.10 and a current ratio of 1.85.

About Travis Perkins

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Travis Perkins plc distributes building materials to the building, construction, and home improvement markets in the United Kingdom. It operates through, Merchanting, and Toolstation segments. The Merchanting segment distributes interior building products, which include drywalls, ceilings, external envelopes, fire protection products, flooring and partitioning products, and tools and accessories to professionals within the construction industry; civil, drainage, and heavy building materials to specialist contractors and trade professionals; and pipeline and heating solutions.

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Analyst Recommendations for Travis Perkins (LON:TPK)

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