Travis Perkins (TPK)

Sector:

Support

Index:

FTSE 250

729.40p
   
  • Change Today:
    -5.60p
  • 52 Week High: 959.40p
  • 52 Week Low: 692.20p
  • Currency: UK Pounds
  • Shares Issued: 212.51m
  • Volume: 772,859
  • Market Cap: £1,550.04m
  • RiskGrade: 152

Jefferies downgrades Travis Perkins to 'hold'

By Michele Maatouk

Date: Tuesday 08 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Jefferies downgraded Travis Perkins on Tuesday to 'hold' from 'buy' and slashed the price target to 1,416p from 2,189p.
The bank said a significant portfolio simplification over the last 18 months or so, management setting out a longer-term vision at the September 2021 capital markets day and scope for ongoing extra cash returns gives it confidence that Travis Perkins is now better placed to be a core longer-term holding in investor portfolios.

Jefferies said it sees Travis Perkins as a much simpler group now, which is already building a reputation for steady delivery in line with or ahead of expectations, thus marking a clear break from the period of operational hiccups pre-2019.

In addition, the balance sheet appears in much better shape and Jefferies forecasts net debt/EBITDA to remain easily below the target of 1.5-2x , suggesting extra cash returns may become an ongoing feature.

"However, with fewer catalysts compared to when we upgraded in September 2020 and elevated macro nerves, we downgrade to hold," it said.

At 1105 GMT, the shares were down 1.6% at 1,271p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Travis Perkins Market Data

Currency UK Pounds
Share Price 729.40p
Change Today -5.60p
% Change -0.76 %
52 Week High 959.40p
52 Week Low 692.20p
Volume 772,859
Shares Issued 212.51m
Market Cap £1,550.04m
RiskGrade 152

Travis Perkins Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.19% below the market average10.19% below the market average10.19% below the market average10.19% below the market average10.19% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Price Trend
50.29% below the market average50.29% below the market average50.29% below the market average50.29% below the market average50.29% below the market average
60.4% below the sector average60.4% below the sector average60.4% below the sector average60.4% below the sector average60.4% below the sector average
Income
30.64% below the market average30.64% below the market average30.64% below the market average30.64% below the market average30.64% below the market average
10.77% above the sector average10.77% above the sector average10.77% above the sector average10.77% above the sector average10.77% above the sector average
Growth
37.35% below the market average37.35% below the market average37.35% below the market average37.35% below the market average37.35% below the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 13
Sell 3
Strong Sell 0
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Travis Perkins Dividends

  Latest Previous
  Final Interim
Ex-Div 28-Mar-24 05-Oct-23
Paid 09-May-24 10-Nov-23
Amount 5.50p 12.50p

Trades for 28-Mar-2024

Time Volume / Share Price
16:40 5,739 @ 729.55p
16:35 355,569 @ 729.40p
16:35 3,135 @ 729.40p
16:35 315 @ 729.40p
16:35 790 @ 729.40p

Travis Perkins Key Personnel

CEO Nick Roberts
CFO Duncan Cooper

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