Travis Perkins (LON:TPK) Hits New 52-Week Low – What’s Next?

Shares of Travis Perkins plc (LON:TPK) reached a new 52-week low during mid-day trading 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 traded. The stock had previously closed at GBX 662 ($8.10).

Analyst Ratings Changes

Several analysts have commented on the company. Berenberg Bank raised their price objective on 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. JPMorgan Chase & Co. lowered 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.

Travis Perkins Stock Performance

The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 52.98. The firm has a market capitalization of £1.38 billion, a price-to-earnings ratio of -8,175.00, a P/E/G ratio of 6.44 and a beta of 1.52. The stock has a 50-day moving average price of GBX 748.46 and a 200 day moving average price of GBX 839.

Insider Activity at Travis Perkins

In other Travis Perkins news, insider Pete Redfern acquired 249,218 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were purchased 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 bought 2,945 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were bought at an average price of GBX 840 ($10.28) per share, for a total transaction of £24,738 ($30,271.66). 3.63% of the stock is currently owned by corporate insiders.

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.