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

Travis Perkins plc (LON:TPK)’s share price hit a new 52-week low on Tuesday . The stock traded as low as GBX 655.50 ($8.02) and last traded at GBX 658.50 ($8.06), with a volume of 1632352 shares changing hands. The stock had previously closed at GBX 662 ($8.10).

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TPK shares. JPMorgan Chase & Co. reduced their price objective on Travis Perkins from GBX 1,000 ($12.24) to GBX 910 ($11.14) and set an “overweight” rating on the stock in a research note on Thursday, December 5th. Berenberg Bank lifted their price target on shares of Travis Perkins from GBX 800 ($9.79) to GBX 880 ($10.77) and gave the company a “hold” rating in a report on Thursday, October 24th.

Travis Perkins Stock Down 1.2 %

The firm has a market capitalization of £1.38 billion, a price-to-earnings ratio of -8,175.00, a PEG ratio of 6.44 and a beta of 1.52. The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 52.98. The stock has a fifty day moving average of GBX 748.46 and a 200-day moving average of GBX 839.

Insider Buying and Selling

In other Travis Perkins news, insider Pete Redfern acquired 249,218 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of GBX 803 ($9.83) per share, with a total value of £2,001,220.54 ($2,448,874.87). Also, insider Duncan Cooper purchased 2,945 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was purchased at an average cost of GBX 840 ($10.28) per share, with a total value of £24,738 ($30,271.66). 3.63% of the stock is owned by corporate insiders.

Travis Perkins Company Profile

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.