Builders' Merchants News

Travis shares rated a 'buy'

Published:  25 November, 2010

LONDON:Travis Perkins shares are trading on multiples of 10 times forecast earnings for 2011.

The new is good, but the valuation ismore undemanding when viewed alongside BSS, which Travis is in the process of buying for 558m.

The results suggest that BSS should drive further growth at Travis.