Travis Perkins (LON:TPK) Price Target Cut to GBX 910 by Analysts at JPMorgan Chase & Co.

Travis Perkins (LON:TPK) had its target price lowered by JPMorgan Chase & Co. from GBX 1,000 ($12.75) to GBX 910 ($11.60) in a research report issued on Thursday, MarketBeat Ratings reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 21.33% from the stock’s current price.

Separately, Berenberg Bank raised their target price on Travis Perkins from GBX 800 ($10.20) to GBX 880 ($11.22) and gave the stock a “hold” rating in a research report on Thursday, October 24th.

Travis Perkins Trading Up 0.5 %

Shares of LON TPK opened at GBX 750 ($9.56) on Thursday. The stock has a market cap of £1.58 billion, a P/E ratio of -9,375.00, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The firm has a 50 day moving average price of GBX 836.49 and a two-hundred day moving average price of GBX 855.04. The company has a debt-to-equity ratio of 52.98, a quick ratio of 0.84 and a current ratio of 1.65. Travis Perkins has a 52-week low of GBX 687 ($8.76) and a 52-week high of GBX 976 ($12.44).

Insider Transactions at Travis Perkins

In other news, insider Pete Redfern bought 249,218 shares of Travis Perkins stock in a transaction dated Monday, November 11th. The stock was bought at an average cost of GBX 803 ($10.24) per share, for a total transaction of £2,001,220.54 ($2,551,275.55). Also, insider Duncan Cooper purchased 2,945 shares of Travis Perkins stock in a transaction that occurred on Tuesday, October 29th. The stock was acquired at an average cost of GBX 840 ($10.71) per share, with a total value of £24,738 ($31,537.48). In the last 90 days, insiders have bought 252,180 shares of company stock worth $202,610,712. Company 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.