Travis Perkins (LON:TPK) Shares Up 6.7% - What's Next?

Travis Perkins plc (LON:TPK - Get Free Report) was up 6.7% on Wednesday . The stock traded as high as GBX 655.50 ($8.76) and last traded at GBX 648.35 ($8.66). Approximately 4,115,632 shares were traded during mid-day trading, an increase of 135% from the average daily volume of 1,751,510 shares. The stock had previously closed at GBX 607.50 ($8.12).Get Travis Perkins alerts:Analyst Ratings ChangesSeveral research analysts have commented on TPK shares. Peel Hunt restated a "buy" rating and issued a GBX 740 target price on shares of Travis Perkins in a research note on Thursday, October 16th. Berenberg Bank restated a "hold" rating and issued a GBX 650 price objective on shares of Travis Perkins in a research report on Monday, September 8th. Jefferies Financial Group reduced their price objective on shares of Travis Perkins from GBX 605 to GBX 594 and set a "hold" rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Travis Perkins in a research note on Friday, October 17th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 663.50.Check Out Our Latest Stock Report on TPKTravis Perkins Price PerformanceThe stock has a market capitalization of £1.37 billion, a P/E ratio of -24.56, 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 602.08 and a 200 day moving average price of GBX 590.69. The company has a debt-to-equity ratio of 48.33, a quick ratio of 0.84 and a current ratio of 1.65. Travis Perkins (LON:TPK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported GBX 13.30 earnings per share for the quarter. Travis Perkins had a negative net margin of 0.37% and a negative return on equity of 0.85%. On average, analysts expect that Travis Perkins plc will post 59.251837 EPS for the current year. About Travis Perkins (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.Featured StoriesFive stocks we like better than Travis PerkinsDividend Screener: How to Evaluate Dividend Stocks Before BuyingArcher’s Recent String of Victories Signals a New Phase of GrowthA Deeper Look at Bid-Ask Spreads3 Key Stocks Boosting Buybacks Amid Improving FundamentalsWhat is a Microcap Stock? Everything You Need to Know The Best AI for Picking Stocks, Ranked by PerformanceThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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 Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here