Travis Perkins (LON:TPK – Get Rating)‘s stock had its “neutral” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research report issued on Thursday, Marketbeat Ratings reports. They currently have a GBX 1,200 ($14.70) price target on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 27.66% from the stock’s current price.
A number of other research firms have also commented on TPK. Deutsche Bank Aktiengesellschaft dropped their price target on Travis Perkins from GBX 1,275 ($15.62) to GBX 1,250 ($15.32) and set a “buy” rating on the stock in a research report on Wednesday. Citigroup reaffirmed a “buy” rating and set a GBX 1,590 ($19.48) price target on shares of Travis Perkins in a research report on Wednesday. Morgan Stanley reissued an “overweight” rating on shares of Travis Perkins in a research report on Wednesday, May 11th. Royal Bank of Canada dropped their target price on Travis Perkins from GBX 1,500 ($18.38) to GBX 1,400 ($17.15) and set an “outperform” rating on the stock in a research report on Thursday. Finally, Berenberg Bank dropped their target price on Travis Perkins from GBX 1,380 ($16.91) to GBX 1,000 ($12.25) and set a “hold” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,580.50 ($19.37).
Travis Perkins Trading Down 0.1 %
LON TPK opened at GBX 940 ($11.52) on Thursday. The firm has a market cap of £2.00 billion and a P/E ratio of 912.62. The company has a debt-to-equity ratio of 47.57, a current ratio of 1.85 and a quick ratio of 1.10. The stock’s 50-day moving average is GBX 1,030.41 and its 200-day moving average is GBX 1,215.59. Travis Perkins has a one year low of GBX 914.20 ($11.20) and a one year high of GBX 1,839.60 ($22.54).
Travis Perkins Company Profile
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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