JPMorgan Chase & Co. reiterates neutral rating for Travis Perkins (LON:TPK)
Travis Perkins (LON:TPK – Get Note)The stock had its “neutral” rating reaffirmed by equity research analysts at JPMorgan Chase & Co. in a research note released Friday, MarketBeat Ratings reports. They currently 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 also commented on TPK. 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, September 15 report . Shore Capital reissued a “sell” rating on Travis Perkins’ shares in a Tuesday, August 2, report. 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 report from the Thursday August 4th. Citigroup reissued a “buy” rating and issued a target price of 1,590 GBX ($19.21) on shares of Travis Perkins in a Wednesday, August 3 report. 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 report from the Wednesday, August 3. One financial analyst gave the stock a sell rating, three gave the company a hold rating and seven gave the company a buy rating. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of 1,541.50 GBX ($18.63).
Travis Perkins stock up 2.3%
TPK stock traded at 17.24 GBX ($0.21) on Friday, reaching 765.24 GBX ($9.25). 927,889 shares of the company were traded, against an average volume of 844,461. Travis Perkins has a one-year low of 707.80 GBX ($8.55) and a one-year high of 1,683 GBX ( $20.34). The company has a debt ratio of 44.42, a current ratio of 1.56 and a quick ratio of 0.84. The company has a market capitalization of £1.63 billion and a P/E ratio of 689.40. The company has a fifty-day simple moving average of 885.69 GBX and a 200-day simple moving average of 1,063.51 GBX.
Insider Trading at Travis Perkins
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).
Travis Perkins Company Profile
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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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