Travis Perkins (OTCMKTS:TPRKY) Stock Price Down 5.5% – Here’s Why

Travis Perkins PLC (OTCMKTS:TPRKY)’s stock price traded down 5.5% on Friday. The company traded as low as $7.24 and last traded at $7.24. 100 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 5,677 shares. The stock had previously closed at $7.66.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Travis Perkins in a research report on Wednesday, August 5th. Barclays lowered Travis Perkins from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Travis Perkins Trading Up 0.3%

The business has a 50-day moving average price of $8.30 and a 200-day moving average price of $7.69.

About Travis Perkins

Travis Perkins plc is a United Kingdom-based distributor of building materials and construction supplies. Through its merchanting businesses, the company serves professional builders, contractors, tradespeople, housebuilders, and other customers involved in residential, commercial, and infrastructure construction.

The company supplies a broad range of products, including timber, bricks, blocks, insulation, plumbing and heating equipment, tools, workwear, kitchens, bathrooms, and landscaping materials.