Travis Perkins (LON:TPK) Reaches New 12-Month Low – Time to Sell?

Travis Perkins plc (LON:TPK) reached a new 52-week low on Wednesday . The stock traded as low as GBX 686 ($8.44) and last traded at GBX 686.50 ($8.45), with a volume of 71690 shares trading hands. The stock had previously closed at GBX 693.50 ($8.53).

Analysts Set New Price Targets

Several research firms recently commented on TPK. JPMorgan Chase & Co. reduced their price target on shares of Travis Perkins from GBX 1,000 ($12.30) to GBX 910 ($11.20) and set an “overweight” rating on the stock in a research report on Thursday, December 5th. Berenberg Bank increased their price target on Travis Perkins from GBX 800 ($9.84) to GBX 880 ($10.83) and gave the company a “hold” rating in a report on Thursday, October 24th.

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 stock has a market capitalization of £1.42 billion, a price-to-earnings ratio of -8,443.75, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The business’s 50 day simple moving average is GBX 756.84 and its 200-day simple moving average is GBX 841.86.

Insider Transactions at Travis Perkins

In related news, insider Pete Redfern purchased 249,218 shares of the company’s stock in a transaction on Monday, November 11th. The shares were bought at an average cost of GBX 803 ($9.88) per share, for a total transaction of £2,001,220.54 ($2,462,434.53). Also, insider Duncan Cooper acquired 2,945 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were bought at an average price of GBX 840 ($10.34) per share, for a total transaction of £24,738 ($30,439.28). 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.