Travis Perkins (LON:TPK – Get Note)The stock had its “neutral” rating restated by equity researchers at JPMorgan Chase & Co. in a research note released Friday, MarketBeat reports. They currently have a GBX 900 ($10.87) target price on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 17.61% from the company’s previous close.
Other equity research analysts have also recently published research reports on the company. Shore Capital reissued a “sell” rating on Travis Perkins’ stock in a research note on Tuesday, August 2. Berenberg Bank cut its price target on Travis Perkins from 1,000 GBX ($12.08) to 910 GBX ($11.00) and set a ‘hold’ rating for the company in a Thursday research note September 15. Royal Bank of Canada cut its price target on Travis Perkins from 1,500 GBX ($18.12) to 1,400 GBX ($16.92) and set an “outperform” rating for the company in a memo. research from Thursday August 4th. Citigroup reissued a “buy” rating and issued a price target of 1,590 GBX ($19.21) on shares of Travis Perkins in a Wednesday, August 3 research note. Finally, Deutsche Bank Aktiengesellschaft cut its price target on Travis Perkins from 1,275 GBX ($15.41) to 1,250 GBX ($15.10) and set a “buy” rating for the company in a memo. research from Wednesday, August 3. One investment analyst gave the stock a sell rating, three gave the company a hold rating and seven gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of 1,541.50 GBX ($18.63).
Travis Perkins trades up 2.3%
LON TPK traded 17.24 GBX ($0.21) during Friday trading hours, reaching 765.24 GBX ($9.25). 927,889 shares of the company were traded, against an average volume of 844,461. The stock has a 50-day simple moving average of 885.69 GBX and a 200-day simple moving average of 1,063.51 GBX. Travis Perkins has a 1-year low of 707.80 GBX ($8.55) and a 1-year high of 1,683 GBX ($20.34). The company has a market cap of £1.63 billion and a price to earnings ratio of 689.40. The company has a current ratio of 1.56, a quick ratio of 0.84 and a debt ratio of 44.42.
Insider buying and selling
Separately, insider Nick Roberts sold 43,324 shares of Travis Perkins in a trade on Wednesday, August 17. The stock was sold at an average price of 915 GBX ($11.06), for a total transaction of £396,414.60 ($478,992.99).
About Travis Perkins
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Travis Perkins plc distributes building materials to the UK building, construction and home improvement markets. It operates through Merchanting and Toolstation segments. The Trading segment distributes interior construction products, which include drywall, ceilings, exterior casings, fire protection products, flooring and partitioning products, as well as tools and accessories to construction professionals. construction industry; civil engineering, drainage and heavy construction materials to specialist contractors and trade professionals; and piping and heating solutions.
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