{"id":50126,"date":"2026-07-07T17:01:32","date_gmt":"2026-07-07T17:01:32","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/50126\/"},"modified":"2026-07-07T17:01:32","modified_gmt":"2026-07-07T17:01:32","slug":"deutsche-bank-warns-of-further-downgrades-at-travis-perkins","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/50126\/","title":{"rendered":"Deutsche Bank warns of further downgrades at Travis Perkins"},"content":{"rendered":"

\"Deutsche<\/a> Deutsche Bank warns of further downgrades at Travis Perkins Proactive uses images sourced from Shutterstock <\/p>\n

Deutsche Bank has repeated its ‘sell’ rating on Travis Perkins (LSE:TPK)<\/a>, warning that market forecasts for the builders’ merchant remain too high despite steep cuts already made this year. <\/p>\n

Ben Wild, an analyst at the bank, set a price target of 470p, below the last close of 566.50p. <\/p>\n

Since the bank downgraded the stock on 11 December, consensus earnings per share forecasts for 2026 and 2027 have fallen by around 26%. <\/p>\n

The shares have dropped 8% over the same period. <\/p>\n

Wild said there was still material downside risk to those forecasts. <\/p>\n

For the first half, the bank expects adjusted operating profit of \u00a350 million, 20% below the consensus figure compiled by Bloomberg. <\/p>\n

Its estimates sit around 16% below consensus for the 2026 and 2027 financial years. <\/p>\n

The shares trade on a forward price-to-earnings multiple of 20 times, more than two standard deviations above their long-run average. <\/p>\n

Wild said further large downgrades were likely to drive the shares lower from here. <\/p>\n

Travis Perkins (LSE:TPK)<\/a> supplies building materials and tools to the construction trade through a network of branches across the United Kingdom. <\/p>\n","protected":false},"excerpt":{"rendered":"Deutsche Bank warns of further downgrades at Travis Perkins Proactive uses images sourced from Shutterstock Deutsche Bank has…\n","protected":false},"author":2,"featured_media":50127,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21213],"tags":[21214,41136,41135,41134],"class_list":["post-50126","post","type-post","status-publish","format-standard","has-post-thumbnail","category-deutsche-bank","tag-deutsche-bank","tag-downgrades","tag-market-forecasts","tag-travis-perkins"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/50126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=50126"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/50126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/50127"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=50126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=50126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=50126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}