Travis Perkins plc

Q3 continues modestly weak trend from H1

  • Sectors : Builders Merchants
  • Companies : Travis Perkins plc

Ratings and price correct at time of issue.

  • Travis Perkins plc

    Closing Price: 594p

  • RATING 28/05/20

  • PREVIOUS RATING 01/07/16

    UNDERPERFORM

DAVY VIEW

The focus for Travis Perkins (TPK) this year is on protecting its gross margin through robust cost/price management. Q3 like-for-like (LFL) revenues were down 1.3% year-on-year (yoy), including a 7.2% yoy decline in volumes, which underlines that market conditions remain challenging. Not surprisingly, given the end-market softness, the stock has struggled to make progress, and we suspect this might remain the case in the near-term.

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Oct 15 2026, 07:48 IST/BST

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