Travis Perkins’ (LON:TPK) “Neutral” Rating Reiterated at UBS Group

Travis Perkins (LON:TPK)‘s stock had its “neutral” rating reissued by stock analysts at UBS Group in a research note issued on Friday, March 29th, ThisIsMoney.Co.Uk reports. They presently have a GBX 1,350 ($17.64) target price on the stock, up from their prior target price of GBX 1,240 ($16.20). UBS Group’s price target would suggest a potential downside of 5.36% from the company’s previous close.

A number of other research firms have also commented on TPK. Peel Hunt cut their price target on Travis Perkins from GBX 1,240 ($16.20) to GBX 1,225 ($16.01) and set a “hold” rating for the company in a report on Tuesday, February 26th. Canaccord Genuity dropped their price objective on Travis Perkins from GBX 1,210 ($15.81) to GBX 1,170 ($15.29) and set a “hold” rating for the company in a research note on Tuesday, January 8th. Shore Capital reissued a “hold” rating on shares of Travis Perkins in a research note on Tuesday, December 4th. Liberum Capital reissued a “buy” rating on shares of Travis Perkins in a research note on Monday, January 14th. Finally, Barclays reissued an “equal weight” rating on shares of Travis Perkins in a research note on Monday, December 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 1,381.67 ($18.05).

Shares of Travis Perkins stock traded up GBX 10 ($0.13) during trading hours on Friday, reaching GBX 1,426.50 ($18.64). The company had a trading volume of 614,784 shares, compared to its average volume of 1,660,000. Travis Perkins has a one year low of GBX 965.60 ($12.62) and a one year high of GBX 1,489 ($19.46). The company has a debt-to-equity ratio of 22.41, a current ratio of 1.39 and a quick ratio of 0.84. The firm has a market capitalization of $3.54 billion and a P/E ratio of -41.47.

In related news, insider Pete Redfern acquired 65 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were purchased at an average price of GBX 1,235 ($16.14) per share, for a total transaction of £802.75 ($1,048.94). Also, insider John P. Carter sold 26,739 shares of Travis Perkins stock in a transaction dated Monday, March 4th. The stock was sold at an average price of GBX 1,457 ($19.04), for a total value of £389,587.23 ($509,064.72).

About Travis Perkins

Travis Perkins plc supplies building and home improvement products in the United Kingdom. The company's General Merchanting division supplies products for various types of repair, maintenance, and improvement projects, as well as new residential and commercial construction. This division serves sole traders and national housebuilders under the Travis Perkins and Benchmarx brands.

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Analyst Recommendations for Travis Perkins (LON:TPK)

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