Travis Perkins (LON:TPK) Stock Rating Reaffirmed by Peel Hunt
Travis Perkins (LON:TPK)‘s stock had its “hold” rating reiterated by equities research analysts at Peel Hunt in a research report issued to clients and investors on Tuesday, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also recently commented on the company. Liberum Capital restated a “buy” rating on shares of Travis Perkins in a research note on Friday, March 20th. BNP Paribas upgraded Travis Perkins to an “outperform” rating in a research note on Tuesday, April 7th. Canaccord Genuity cut their target price on Travis Perkins from GBX 1,720 ($22.63) to GBX 1,700 ($22.36) and set a “hold” rating on the stock in a research note on Wednesday, March 4th. Royal Bank of Canada cut Travis Perkins to a “sector performer” rating and cut their target price for the company from GBX 1,600 ($21.05) to GBX 1,550 ($20.39) in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Travis Perkins in a research note on Monday, April 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,389.30 ($18.28).
Shares of LON:TPK traded up GBX 14.50 ($0.19) during trading on Tuesday, hitting GBX 1,054 ($13.86). 604,865 shares of the company’s stock traded hands, compared to its average volume of 1,660,000. Travis Perkins has a 52 week low of GBX 573.80 ($7.55) and a 52 week high of GBX 1,841 ($24.22). The company has a current ratio of 1.30, a quick ratio of 0.71 and a debt-to-equity ratio of 77.14. The company has a market cap of $2.66 billion and a price-to-earnings ratio of 21.78. The company has a 50-day moving average price of GBX 918.60 and a 200-day moving average price of GBX 1,390.62.
Travis Perkins Company Profile
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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