Travis Perkins plc

Tooling up for growth

  • Sectors : Builders Merchants
  • Companies : Travis Perkins plc

Ratings and price correct at time of issue.

  • Travis Perkins plc

    Closing Price: 823p

  • RATING 28/05/20

  • PREVIOUS RATING 01/07/16



A Toolstation UK-themed investor day was timely as the business is pivotal to the medium-term growth aspirations of Travis Perkins. Achieving its 2027 target for Toolstation would effectively add in the region of one-third to the group's likely trading profits (excluding property) for this year. This will not be easy, especially as it requires a near-quadrupling of Toolstation UK's current operating profit. However, the intent is clear and the pathway outlined to achieving this ambition looks credible.

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Sep 29 2023, 07:20 IST/BST