The company posted good Q3 numbers, especially in the three merchanting businesses. However, the strong lfl momentum is likely to soften in FY19, especially in Contracts and P&H segments. All eyes are now set on 4 December 2018, the Capital Markets Day of Travis Perkins. A convincing performance turnaround plan would be the next key growth trigger in our opinion. Hence, we maintain the stock recommendation, despite the stock’s valuation being very attractive at current levels.
25 Oct 2018
Decent Q3 results; uncertain times ahead
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Decent Q3 results; uncertain times ahead
Travis Perkins plc (TPK:LON) | 728 0 0.0% | Mkt Cap: 1,546m
- Published:
25 Oct 2018 -
Author:
Nishant Choudhary -
Pages:
3
The company posted good Q3 numbers, especially in the three merchanting businesses. However, the strong lfl momentum is likely to soften in FY19, especially in Contracts and P&H segments. All eyes are now set on 4 December 2018, the Capital Markets Day of Travis Perkins. A convincing performance turnaround plan would be the next key growth trigger in our opinion. Hence, we maintain the stock recommendation, despite the stock’s valuation being very attractive at current levels.