Jefferies Financial Group Increases Travis Perkins (LON:TPK) Price Target to GBX 605

Travis Perkins (LON:TPK) had its price objective lifted by research analysts at Jefferies Financial Group from GBX 600 to GBX 605 in a note issued to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential downside of 4.57% from the stock’s current price.

Several other equities research analysts have also recently issued reports on TPK. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 670 price objective on shares of Travis Perkins in a research report on Wednesday, August 6th. Berenberg Bank restated a “hold” rating and set a GBX 650 price objective on shares of Travis Perkins in a research report on Monday, September 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 641.67.

Travis Perkins Price Performance

Travis Perkins stock opened at GBX 634 on Wednesday. Travis Perkins has a 12-month low of GBX 477.37 and a 12-month high of GBX 938.50. The stock has a market cap of £1.34 billion, a P/E ratio of -2,401.52, a PEG ratio of 6.44 and a beta of 1.52. The company has a 50-day moving average price of GBX 586.94 and a 200 day moving average price of GBX 583.52. The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 48.33.

Travis Perkins (LON:TPK) last released its quarterly earnings data on Tuesday, August 5th. The company reported GBX 13.30 earnings per share (EPS) for the quarter. Travis Perkins had a negative net margin of 0.37% and a negative return on equity of 0.85%. Sell-side analysts anticipate that Travis Perkins will post 59.251837 earnings per share for the current year.

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.