Travis Perkins’ rebound in Q3 FY20 was slow, as the strong momentum in domestic RMI (repair, maintenance and improvement) was held back by softness in the larger new construction activity. Unfortunately, over the coming few months, the sustainability of the recovery will now again be tested by the resurgence in COVID-19 cases in the UK and uncertainties around the Brexit outcome. Hence, the sentiment around the stock is likely to remain muted, in our opinion.
28 Oct 2020
Q3 FY20 performance underscores healthy RMI and soft new construction
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Q3 FY20 performance underscores healthy RMI and soft new construction
Travis Perkins plc (TPK:LON) | 714 -28.6 (-0.6%) | Mkt Cap: 1,518m
- Published:
28 Oct 2020 -
Author:
Mohit Rathi -
Pages:
3
Travis Perkins’ rebound in Q3 FY20 was slow, as the strong momentum in domestic RMI (repair, maintenance and improvement) was held back by softness in the larger new construction activity. Unfortunately, over the coming few months, the sustainability of the recovery will now again be tested by the resurgence in COVID-19 cases in the UK and uncertainties around the Brexit outcome. Hence, the sentiment around the stock is likely to remain muted, in our opinion.