Travis Perkins (LON:TPK) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Travis Perkins plc (LON:TPK)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 626.30 and traded as high as GBX 715. Travis Perkins shares last traded at GBX 702, with a volume of 606,910 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citigroup upped their target price on shares of Travis Perkins from GBX 700 to GBX 750 and gave the company a “buy” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. lowered their price objective on shares of Travis Perkins from GBX 720 to GBX 712 and set an “overweight” rating for the company in a research report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Travis Perkins presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 689.20.

Travis Perkins Trading Up 0.5%

The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 48.33. The firm has a market capitalization of £1.49 billion, a P/E ratio of -26.72, a PEG ratio of 6.44 and a beta of 1.52. The business has a 50 day moving average of GBX 659.13 and a 200-day moving average of GBX 626.30.

About Travis Perkins

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.