Citigroup Forecasts Strong Price Appreciation for Travis Perkins (LON:TPK) Stock

by · The Markets Daily

Travis Perkins (LON:TPK – Get Free Report) had its price objective increased by Citigroup from GBX 700 to GBX 750 in a report issued on Monday,Digital Look reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 13.12% from the stock’s previous close.

Several other analysts also recently weighed in on TPK. Peel Hunt reissued a “buy” rating and issued a GBX 740 price target on shares of Travis Perkins in a research note on Thursday, October 16th. Jefferies Financial Group lowered their target price on Travis Perkins from GBX 605 to GBX 594 and set a “hold” rating for the company in a research note on Monday, October 20th. Finally, JPMorgan Chase & Co. reduced their price target on Travis Perkins from GBX 720 to GBX 712 and set an “overweight” rating on the stock in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Travis Perkins currently has a consensus rating of “Moderate Buy” and an average price target of GBX 689.20.

Check Out Our Latest Research Report on TPK

Travis Perkins Price Performance

Shares of LON:TPK traded up GBX 6 during trading on Monday, reaching GBX 663. The company had a trading volume of 190,481 shares, compared to its average volume of 1,075,946. Travis Perkins has a 12 month low of GBX 477.37 and a 12 month high of GBX 721. The stock has a market capitalization of £1.40 billion, a P/E ratio of -25.11, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The company has a fifty day moving average of GBX 626.36 and a two-hundred day moving average of GBX 608.70. The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 48.33.

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. In addition, the company provides in specialist civils and drainage solutions; and air-conditioning and refrigeration products and heat pumps. Further, it provides insulation and interior building products to interior building specialists, contractors, and builders; and kitchens and joinery products.

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