Travis Perkins jumps 15% as brokers point to early signs of turnaround Proactive uses images sourced from ShutterstockShares in Travis Perkins (LSE:TPK) surged 15%, or 88p, to 661p after interim results prompted analysts to point to evidence that the builders' merchant is turning itself around. Panmure Liberum reiterated a 'buy' rating and 740p price target, arguing the numbers showed the benefits of self-help and disciplined management. Adjusted operating profit rose 6.3%, though it was flat once property profits were stripped out. Peel Hunt said underlying earnings per share grew 13% to 15.1p, with net cash of £55 million before leases as the business continued to release working capital. Operating profit in the division dropped 5% to £60 million as a stronger gross margin failed to cover higher operating costs.