JPMorgan Chase & Co. Reiterates Neutral Rating for Travis Perkins (LON:TPK)

Travis Perkins (LON:TPKGet Rating)‘s stock had its “neutral” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research note issued on Friday, MarketBeat Ratings reports. They presently have a GBX 900 ($10.87) price target on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 17.61% from the company’s current price.

A number of other analysts have also commented on TPK. Berenberg Bank reduced their target price on Travis Perkins from GBX 1,000 ($12.08) to GBX 910 ($11.00) and set a “hold” rating for the company in a report on Thursday, September 15th. Shore Capital reissued a “sell” rating on shares of Travis Perkins in a report on Tuesday, August 2nd. Royal Bank of Canada reduced their target price on Travis Perkins from GBX 1,500 ($18.12) to GBX 1,400 ($16.92) and set an “outperform” rating for the company in a report on Thursday, August 4th. Citigroup reissued a “buy” rating and issued a GBX 1,590 ($19.21) target price on shares of Travis Perkins in a report on Wednesday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Travis Perkins from GBX 1,275 ($15.41) to GBX 1,250 ($15.10) and set a “buy” rating for the company in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,541.50 ($18.63).

Travis Perkins Stock Up 2.3 %

TPK stock traded up GBX 17.24 ($0.21) on Friday, reaching GBX 765.24 ($9.25). 927,889 shares of the company traded hands, compared to its average volume of 844,461. Travis Perkins has a one year low of GBX 707.80 ($8.55) and a one year high of GBX 1,683 ($20.34). The company has a debt-to-equity ratio of 44.42, a current ratio of 1.56 and a quick ratio of 0.84. The company has a market cap of £1.63 billion and a P/E ratio of 689.40. The firm has a fifty day simple moving average of GBX 885.69 and a 200-day simple moving average of GBX 1,063.51.

Insider Transactions at Travis Perkins

In related news, insider Nick Roberts sold 43,324 shares of Travis Perkins stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of GBX 915 ($11.06), for a total transaction of £396,414.60 ($478,992.99).

Travis Perkins Company Profile

(Get Rating)

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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Analyst Recommendations for Travis Perkins (LON:TPK)

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