Travis Perkins continued to register strong sales growth in Q3 FY2021 supported by healthy demand from the RMI end-market and store network expansion. On the back of a sustained positive trading performance, management upgraded its adjusted operating profit guidance for FY2021. However, the stock came under pressure as the market focused on high inflationary pressures amidst continuing building material and labour shortages. We will revise up our estimates and target price to incorporate the Q3 ....
28 Oct 2021
Robust RMI activity underpins Q3 performance; guidance raised
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Robust RMI activity underpins Q3 performance; guidance raised
Travis Perkins plc (TPK:LON) | 725 50.8 1.0% | Mkt Cap: 1,541m
- Published:
28 Oct 2021 -
Author:
Vansh Mehta -
Pages:
3
Travis Perkins continued to register strong sales growth in Q3 FY2021 supported by healthy demand from the RMI end-market and store network expansion. On the back of a sustained positive trading performance, management upgraded its adjusted operating profit guidance for FY2021. However, the stock came under pressure as the market focused on high inflationary pressures amidst continuing building material and labour shortages. We will revise up our estimates and target price to incorporate the Q3 ....