Travis Perkins (LON:TPK) Reaches New 1-Year Low – What’s Next?

Travis Perkins plc (LON:TPK) hit a new 52-week low on Tuesday . The stock traded as low as GBX 516 and last traded at GBX 525.75, with a volume of 3069345 shares. The stock had previously closed at GBX 546.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TPK shares. JPMorgan Chase & Co. decreased their price target on Travis Perkins from GBX 712 to GBX 680 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Citigroup increased their price target on Travis Perkins from GBX 700 to GBX 750 and gave the stock a “buy” rating in a report on Monday, January 26th. Jefferies Financial Group cut their price objective on Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating for the company in a research report on Monday, April 20th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 620 price objective on shares of Travis Perkins in a research report on Friday, March 27th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 650.80.

Travis Perkins Price Performance

The company has a 50-day simple moving average of GBX 595.61 and a 200-day simple moving average of GBX 621.33. The stock has a market cap of £1.11 billion, a PE ratio of -6.29, a PEG ratio of 6.44 and a beta of 1.34. The company has a debt-to-equity ratio of 59.00, a current ratio of 1.72 and a quick ratio of 0.84.

Travis Perkins (LON:TPK) last announced its quarterly earnings results on Tuesday, March 17th. The company reported GBX 30.80 earnings per share for the quarter. Travis Perkins had a negative return on equity of 9.35% and a negative net margin of 3.86%. Sell-side analysts anticipate that Travis Perkins plc will post 59.251837 EPS for the current fiscal year.

Insider Buying and Selling at Travis Perkins

In other news, insider Duncan Cooper sold 6,591 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of GBX 564, for a total value of £37,173.24. 0.78% of the stock is currently owned by corporate 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. In addition, the company provides in specialist civils and drainage solutions; and air-conditioning and refrigeration products and heat pumps. Further, it provides insulation and interior building products to interior building specialists, contractors, and builders; and kitchens and joinery products.