Travis Perkins' (TPK) Hold Rating Reiterated at Berenberg Bank

Travis Perkins (LON:TPK - Get Free Report)'s stock had its "hold" rating reaffirmed by Berenberg Bank in a research note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 620 price objective on the stock. Berenberg Bank's target price would suggest a potential upside of 11.21% from the stock's current price.Get Travis Perkins alerts:A number of other research firms have also recently commented on TPK. Citigroup boosted their price target on Travis Perkins from GBX 700 to GBX 750 and gave the stock a "buy" rating in a report on Monday, January 26th. JPMorgan Chase & Co. cut their price objective on shares of Travis Perkins from GBX 712 to GBX 680 and set an "overweight" rating for the company in a report on Tuesday. Finally, Jefferies Financial Group reduced their price objective on shares of Travis Perkins from GBX 531 to GBX 507 and set an "underperform" rating on the stock in a research report on Thursday, March 19th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of GBX 659.40.Get Our Latest Stock Report on TPKTravis Perkins Price PerformanceLON:TPK opened at GBX 557.50 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.72 and a debt-to-equity ratio of 59.00. The business's 50-day simple moving average is GBX 644.22 and its two-hundred day simple moving average is GBX 626.26. The stock has a market cap of £1.18 billion, a PE ratio of -21.12, a P/E/G ratio of 6.44 and a beta of 1.31. Travis Perkins has a 52 week low of GBX 477.37 and a 52 week high of GBX 723.50. Travis Perkins (LON:TPK - Get Free Report) last released its quarterly earnings data on Tuesday, March 17th. The company reported GBX 30.80 earnings per share for the quarter. Travis Perkins had a negative return on equity of 9.35% and a negative net margin of 3.86%. As a group, analysts forecast that Travis Perkins will post 59.251837 EPS for the current fiscal year. Insider Activity at Travis PerkinsIn related news, insider Duncan Cooper sold 6,591 shares of the business's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of GBX 564, for a total value of £37,173.24. Corporate insiders own 0.78% of the company's stock. Travis Perkins Company Profile (Get Free Report)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.See AlsoFive stocks we like better than Travis PerkinsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Travis Perkins Right Now?Before you consider Travis Perkins, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Travis Perkins wasn't on the list.While Travis Perkins currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here