i'd like some advise on this stock, new to share's but have a large holding at present, company figures look good, but share price seems to be under valued, any thoughts would help, i have a target figure of 22.00 end of year.

sp down 8% on profit warning

Travis Perkins , Britain's biggest supplier of building materials, said its 2018 operating profit would be in the lower half of the range of analyst expectations due to weak demand in its home DIY market, sending its shares sharply lower.

Chief Executive John Carter said the group had started a deep review of its business, focusing on its cost base because of a backdrop of "changing market conditions which are expected to continue for the foreseeable future"

A general theme ongoing. Construction based stocks taking a hit.

To me it has similar price action to 2006/7

First ones to go before the malaise set in for virtually all back then.

StockMarketWire.com
Builders merchant Travis Perkins said it would attempt to sell its plumbing and heating division as part of a broader corporate restructure that would also involve slashing costs and 'maximising the value' of its Wickes DIY chain.

The company said it would target annualised cost savings of £20-30m, to be delivered over the next 18 months.

Travis Perkins had been in the process of turning around the plumbing and heating unit, which had weighed on previous earnings results.

'Following on from the success of the plumbing and heating transformation programme, the board has concluded that as part of the process of simplification, now is the time to explore the potential sale of the division,' it said.

'This will facilitate more focused management attention and capital deployment on the higher returning areas, and creates further opportunities to simplify the group and reduce costs.'

Travis Perkins said it would swing its focus behind its trades businesses. Options for its Wickes DIY unit, meanwhile, would also be considered.

'As it is a predominantly consumer focused business, the board will also look to review the options for maximising the value of Wickes in the medium term,' it said.