Travis Perkins (LON:TPK) Stock Rating Reaffirmed by Berenberg Bank

Travis Perkins (LON:TPK)‘s stock had its “hold” rating reissued by investment analysts at Berenberg Bank in a research note issued to investors on Friday, MarketBeat reports. They currently have a GBX 800 ($10.22) target price on the stock. Berenberg Bank’s target price indicates a potential downside of 9.50% from the company’s current price.

Several other research firms also recently commented on TPK. Deutsche Bank Aktiengesellschaft raised shares of Travis Perkins to a “buy” rating and decreased their target price for the stock from GBX 1,100 ($14.06) to GBX 910 ($11.63) in a research report on Thursday, August 1st. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 1,100 ($14.06) target price on shares of Travis Perkins in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 940 ($12.01).

Travis Perkins Stock Down 0.8 %

TPK traded down GBX 6.98 ($0.09) during midday trading on Friday, hitting GBX 884 ($11.30). The company had a trading volume of 359,771 shares, compared to its average volume of 595,502. Travis Perkins has a 52 week low of GBX 684.80 ($8.75) and a 52 week high of GBX 976 ($12.47). The company has a quick ratio of 0.84, a current ratio of 1.69 and a debt-to-equity ratio of 51.63. The company has a market capitalization of £1.86 billion, a price-to-earnings ratio of 4,952.78, a PEG ratio of 6.44 and a beta of 1.47. The stock’s 50 day moving average price is GBX 857.64 and its 200 day moving average price is GBX 790.90.

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.