Travis Perkins (TPK) Receives “Hold” Rating from Peel Hunt

Travis Perkins (LON:TPK)‘s stock had its “hold” rating reissued by stock analysts at Peel Hunt in a research note issued on Wednesday, May 8th, Digital Look reports.

Other equities analysts have also recently issued research reports about the company. Liberum Capital restated a “buy” rating on shares of Travis Perkins in a report on Friday, March 29th. Bank of America upgraded Travis Perkins to a “buy” rating and lifted their price objective for the company from GBX 1,000 ($13.07) to GBX 1,700 ($22.21) in a report on Tuesday, April 23rd. Barclays lifted their price objective on Travis Perkins from GBX 1,150 ($15.03) to GBX 1,470 ($19.21) and gave the company an “equal weight” rating in a report on Wednesday, February 27th. Shore Capital reiterated a “hold” rating on shares of Travis Perkins in a report on Tuesday, February 26th. Finally, Canaccord Genuity cut their price objective on Travis Perkins from GBX 1,210 ($15.81) to GBX 1,170 ($15.29) and set a “hold” rating on the stock in a report on Tuesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 1,422.73 ($18.59).

TPK traded down GBX 61 ($0.80) during midday trading on Wednesday, reaching GBX 1,310 ($17.12). 659,164 shares of the company were exchanged, compared to its average volume of 1,660,000. The company has a current ratio of 1.39, a quick ratio of 0.84 and a debt-to-equity ratio of 22.41. 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 stock has a market cap of $3.25 billion and a P/E ratio of -38.08.

In other Travis Perkins news, insider John P. Carter sold 26,739 shares of the business’s stock in a transaction that occurred on 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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