Travis Perkins plc (LON:TPK) Insider Pete Redfern Purchases 249,218 Shares of Stock

Travis Perkins plc (LON:TPK) insider Pete Redfern acquired 249,218 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average price of GBX 803 ($10.33) per share, for a total transaction of £2,001,220.54 ($2,575,241.98).

Travis Perkins Stock Performance

LON TPK opened at GBX 798.50 ($10.28) on Wednesday. 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’s fifty day moving average is GBX 881.77 and its two-hundred day moving average is GBX 856.48. The firm has a market capitalization of £1.68 billion, a P/E ratio of -9,981.25, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. Travis Perkins plc has a fifty-two week low of GBX 687 ($8.84) and a fifty-two week high of GBX 976 ($12.56).

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TPK shares. Deutsche Bank Aktiengesellschaft raised Travis Perkins to a “buy” rating and lowered their price target for the stock from GBX 1,100 ($14.16) to GBX 910 ($11.71) in a research note on Thursday, August 1st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,100 ($14.16) target price on shares of Travis Perkins in a report on Friday, August 30th. Finally, Berenberg Bank raised their price target on shares of Travis Perkins from GBX 800 ($10.29) to GBX 880 ($11.32) and gave the stock a “hold” rating in a research note on Thursday, October 24th.

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.