Travis Perkins (OTCMKTS:TPRKY) Sees Large Volume Increase – Time to Buy?

Shares of Travis Perkins PLC (OTCMKTS:TPRKY) saw an uptick in trading volume on Monday . 14,188 shares were traded during mid-day trading, an increase of 191% from the previous session’s volume of 4,874 shares.The stock last traded at $7.12 and had previously closed at $7.35.

Wall Street Analyst Weigh In

Separately, Barclays reissued an “overweight” rating on shares of Travis Perkins in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Travis Perkins Stock Down 1.1%

The stock’s fifty day simple moving average is $7.33 and its 200-day simple moving average is $8.12.

Travis Perkins Company Profile

Travis Perkins plc, trading over the counter as TPRKY, is a leading supplier of building materials and home improvement products in the United Kingdom. The company serves professional builders, contractors and do-it-yourself customers through an extensive network of branch outlets and online channels. Its core offerings span timber and joinery, bricks and blocks, roofing materials, landscaping products, and a wide range of plumbing and heating supplies.

In addition to traditional builders’ merchant services, Travis Perkins has expanded its portfolio to include tool hire, safety equipment and specialist services such as plant and tool servicing.