Shore Capital Reiterates “Sell” Rating for Travis Perkins (LON:TPK)
Travis Perkins (LON:TPK)‘s stock had its “sell” rating reaffirmed by analysts at Shore Capital in a research report issued on Tuesday, Stock Target Advisor reports.
TPK has been the subject of a number of other research reports. UBS Group reiterated a “sell” rating on shares of Travis Perkins in a research note on Monday. Liberum Capital reiterated a “buy” rating on shares of Travis Perkins in a research report on Tuesday, February 4th. Peel Hunt lifted their price objective on Travis Perkins from GBX 1,450 ($19.07) to GBX 1,715 ($22.56) and gave the company a “hold” rating in a research report on Tuesday, January 28th. Jefferies Financial Group reiterated a “hold” rating on shares of Travis Perkins in a research report on Wednesday, February 5th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a GBX 1,715 ($22.56) price objective on shares of Travis Perkins in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 1,625.09 ($21.38).
Shares of LON:TPK traded down GBX 71.50 ($0.94) during trading on Tuesday, reaching GBX 1,342 ($17.65). The stock had a trading volume of 1,033,590 shares, compared to its average volume of 1,660,000. Travis Perkins has a 52 week low of GBX 1,160.50 ($15.27) and a 52 week high of GBX 1,841 ($24.22). The business’s 50-day moving average price is GBX 1,596.55 and its 200 day moving average price is GBX 1,479.49. The company has a debt-to-equity ratio of 74.78, a current ratio of 1.34 and a quick ratio of 0.60. The stock has a market capitalization of $3.38 billion and a PE ratio of 45.65.
About Travis Perkins
Travis Perkins plc supplies building and home improvement products in the United Kingdom. The company's General Merchanting division supplies products for various types of repair, maintenance, and improvement projects, as well as new residential and commercial construction. This division serves sole traders and national housebuilders under the Travis Perkins and Benchmarx brands.
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