Travis Perkins (LON:TPK) Given “Overweight” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Travis Perkins (LON:TPK) in a research note issued to investors on Friday, Marketbeat reports. JPMorgan Chase & Co. currently has a GBX 1,100 ($14.51) target price on the stock.

Several other analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised Travis Perkins to a buy rating and decreased their price objective for the stock from GBX 1,100 ($14.51) to GBX 910 ($12.00) in a report on Thursday, August 1st. Berenberg Bank reissued a hold rating and issued a GBX 800 ($10.55) price objective on shares of Travis Perkins in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Travis Perkins has a consensus rating of Hold and a consensus price target of GBX 940 ($12.40).

Travis Perkins Price Performance

The company has a debt-to-equity ratio of 52.98, a quick ratio of 0.84 and a current ratio of 1.65. The firm’s 50-day moving average is GBX 878.37 and its 200 day moving average is GBX 802.64. Travis Perkins has a 1 year low of GBX 684.80 ($9.03) and a 1 year high of GBX 976 ($12.87). The company has a market capitalization of £1.91 billion, a PE ratio of -11,362.50, a P/E/G ratio of 6.44 and a beta of 1.54.

Travis Perkins Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd will be paid a GBX 5.50 ($0.07) dividend. The ex-dividend date is Thursday, October 3rd. This represents a yield of 0.62%. Travis Perkins’s payout ratio is -13,750.00%.

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.