Travis Perkins (LON:TPK - Get Free Report) had its target price reduced by investment analysts at JPMorgan Chase & Co. from GBX 1,000 ($12.71) to GBX 910 ($11.56) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 21.89% from the company's current price.
Separately, Berenberg Bank upped their price target on shares of Travis Perkins from GBX 800 ($10.17) to GBX 880 ($11.18) and gave the company a "hold" rating in a research report on Thursday, October 24th.
View Our Latest Stock Report on Travis Perkins
Travis Perkins Price Performance
Shares of LON TPK traded down GBX 19.44 ($0.25) during trading hours on Thursday, reaching GBX 746.56 ($9.49). 895,955 shares of the stock traded hands, compared to its average volume of 830,265. The company has a market capitalization of £1.57 billion, a P/E ratio of -9,425.00, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. Travis Perkins has a 52-week low of GBX 687 ($8.73) and a 52-week high of GBX 976 ($12.40). The company's 50-day simple moving average is GBX 843.77 and its two-hundred day simple moving average is GBX 856.44. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 52.98.
Insider Activity at Travis Perkins
In related news, insider Duncan Cooper bought 2,945 shares of the company's stock in a transaction dated Tuesday, October 29th. The stock was purchased at an average cost of GBX 840 ($10.67) per share, with a total value of £24,738 ($31,433.29). Also, insider Pete Redfern bought 249,218 shares of the business's stock in a transaction dated Monday, November 11th. The shares were bought at an average cost of GBX 803 ($10.20) per share, for a total transaction of £2,001,220.54 ($2,542,846.94). Insiders have acquired a total of 252,180 shares of company stock worth $202,610,712 in the last 90 days. Company insiders own 3.63% of the company's stock.
About Travis Perkins
(
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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.
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