Travis Perkins Stock News

Travis Perkins (LSE:TPK) reported a 1.6% revenue decline for the three months to 30 September 2026, as UK construction activity remained subdued. Like-for-like revenue fell 1.3%, with volume down 7.2%, partly offset by a 5.9% contribution from prices and sales mix.

Travis Perkins (LSE:TPK) PLC faces a continued lacklustre market into early 2027 despite a stronger balance sheet and a renewed focus on operational basics, according to Jefferies, which reiterated its 'underperform rating' and 453p price target.  The broker's target implies around 18% downside from the building materials distributor's 549.5p share price at the time of the report.

Deutsche Bank has reiterated its 'sell' rating on Travis Perkins (LSE:TPK), the builders' merchant, ahead of next week's third-quarter trading update, with a 550p target against a 572.5p closing price. The bank expects continued weakness across the group's end markets, with little evidence that trading conditions have improved during the quarter.

Shares in Travis Perkins (LSE:TPK) surged 15%, or 88p, to 661p after interim results prompted Peel Hunt and Panmure Liberum to point to evidence that the builders' merchant is turning itself around. Panmure reiterated a 'buy' rating and 740p price target, arguing the numbers showed the benefits of self-help and disciplined management.

Deutsche Bank has repeated its 'sell' rating on Travis Perkins (LSE:TPK), warning that market forecasts for the builders' merchant remain too high despite steep cuts already made this year. Ben Wild, an analyst at the bank, set a price target of 470p, below the last close of 566.50p.