Travis Perkins (LON:TPK) Shares Pass Above 200 Day Moving Average – Time to Sell?

Travis Perkins plc (LON:TPK) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 585.20 and traded as high as GBX 661. Travis Perkins shares last traded at GBX 652.50, with a volume of 23,630,951 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Jefferies Financial Group restated an “underperform” rating and set a GBX 443 price target on shares of Travis Perkins in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Travis Perkins from GBX 470 to GBX 550 and gave the company a “sell” rating in a research note on Wednesday, August 5th. Berenberg Bank upped their target price on shares of Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Travis Perkins from GBX 630 to GBX 710 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 660 price target on shares of Travis Perkins in a report on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Travis Perkins currently has an average rating of “Hold” and an average target price of GBX 627.17.

Travis Perkins Price Performance

The company has a market capitalization of £1.38 billion, a price-to-earnings ratio of -7.84, a price-to-earnings-growth ratio of 6.44 and a beta of 1.28. The company has a debt-to-equity ratio of 56.92, a current ratio of 1.66 and a quick ratio of 0.84. The business has a fifty day moving average price of GBX 589.12 and a 200 day moving average price of GBX 585.19.

Travis Perkins (LON:TPK) last posted its quarterly earnings data on Tuesday, August 4th. The company reported GBX 15.10 earnings per share for the quarter. Travis Perkins had a negative net margin of 3.81% and a negative return on equity of 9.63%. On average, research analysts expect that Travis Perkins plc will post 59.251837 earnings per share for the current fiscal year.

Insider Activity at Travis Perkins

In related news, insider Jeremy (Jez) Maiden purchased 1,483 shares of Travis Perkins stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of GBX 669 per share, with a total value of £9,921.27. Company insiders own 0.79% of the company’s stock.

Travis Perkins Company Profile

Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline products, as well as supplies managed services, and commercial and industrial heating and cooling solutions. In addition, the company provides in specialist civils and drainage solutions; and air-conditioning and refrigeration products and heat pumps. Further, it provides insulation and interior building products to interior building specialists, contractors, and builders; and kitchens and joinery products.