Travis Perkins (LON:TPK) Hits New 1-Year Low – Here’s Why

Travis Perkins plc (LON:TPK) reached a new 52-week low on Wednesday . The stock traded as low as GBX 686 ($8.56) and last traded at GBX 686.50 ($8.56), with a volume of 71690 shares trading hands. The stock had previously closed at GBX 693.50 ($8.65).

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Travis Perkins from GBX 1,000 ($12.48) to GBX 910 ($11.35) and set an “overweight” rating on the stock in a report on Thursday, December 5th. Berenberg Bank boosted their target price on shares of Travis Perkins from GBX 800 ($9.98) to GBX 880 ($10.98) and gave the company a “hold” rating in a research report on Thursday, October 24th.

Travis Perkins Stock Performance

The business has a 50-day simple moving average of GBX 760.23 and a 200 day simple moving average of GBX 842.85. The company has a debt-to-equity ratio of 52.98, a current ratio of 1.65 and a quick ratio of 0.84. The firm has a market cap of £1.44 billion, a PE ratio of -8,512.50, a PEG ratio of 6.44 and a beta of 1.52.

Insider Buying and Selling

In related news, insider Duncan Cooper acquired 2,945 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was acquired at an average cost of GBX 840 ($10.48) per share, with a total value of £24,738 ($30,860.78). Also, insider Pete Redfern bought 249,218 shares of the stock in a transaction dated Monday, November 11th. The stock was bought at an average cost of GBX 803 ($10.02) per share, for a total transaction of £2,001,220.54 ($2,496,532.61). 3.63% of the stock is currently owned by insiders.

Travis Perkins Company Profile

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.