Travis Perkins (LON:TPK) Hits New 12-Month Low – Here’s Why

Travis Perkins plc (LON:TPK)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 655.50 ($8.02) and last traded at GBX 658.50 ($8.06), with a volume of 1632352 shares trading hands. The stock had previously closed at GBX 662 ($8.10).

Wall Street Analysts Forecast Growth

TPK has been the subject of a number of research analyst reports. Berenberg Bank increased their price target on Travis Perkins from GBX 800 ($9.79) to GBX 880 ($10.77) and gave the company a “hold” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. decreased their price target on Travis Perkins from GBX 1,000 ($12.24) to GBX 910 ($11.14) and set an “overweight” rating for the company in a research note on Thursday, December 5th.

Travis Perkins Stock Down 0.1 %

The business has a fifty day moving average price of GBX 743.08 and a two-hundred day moving average price of GBX 837.58. The company has a debt-to-equity ratio of 52.98, a current ratio of 1.65 and a quick ratio of 0.84. The firm has a market capitalization of £1.46 billion, a price-to-earnings ratio of -8,662.50, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52.

Insider Activity

In other news, insider Pete Redfern acquired 249,218 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were acquired at an average cost of GBX 803 ($9.83) per share, with a total value of £2,001,220.54 ($2,449,474.35). Also, insider Duncan Cooper acquired 2,945 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was purchased at an average cost of GBX 840 ($10.28) per share, for a total transaction of £24,738 ($30,279.07). Corporate insiders own 3.63% of the company’s stock.

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.