JPMorgan Chase & Co. Issues Positive Forecast for Travis Perkins (LON:TPK) Stock Price

Travis Perkins (LON:TPK) had its price target hoisted by JPMorgan Chase & Co. from GBX 630 to GBX 710 in a research report released on Friday, MarketBeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on TPK. Deutsche Bank Aktiengesellschaft increased their target price on shares of Travis Perkins from GBX 470 to GBX 550 and gave the stock a “sell” rating in a research report on Wednesday. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 443 price objective on shares of Travis Perkins in a report on Wednesday. Berenberg Bank lifted their target price on shares of Travis Perkins from GBX 580 to GBX 650 and gave the company a “hold” rating in a research note on Wednesday. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 660 target price on shares of Travis Perkins in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 627.17.

Travis Perkins Stock Performance

LON:TPK opened at GBX 675.70 on Friday. Travis Perkins has a 12-month low of GBX 493.40 and a 12-month high of GBX 723.50. The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 56.92. The firm has a market capitalization of £1.43 billion, a PE ratio of -8.11, a price-to-earnings-growth ratio of 6.44 and a beta of 1.28. The firm has a 50-day moving average price of GBX 561.13 and a 200 day moving average price of GBX 585.45.

Travis Perkins (LON:TPK) last announced its quarterly earnings results on Tuesday, August 4th. The company reported GBX 15.10 EPS for the quarter. Travis Perkins had a negative return on equity of 9.63% and a negative net margin of 3.81%. Research analysts anticipate that Travis Perkins will post 59.251837 earnings per share for the current fiscal 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. 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.