Travis Perkins (OTCMKTS:TPRKY) Shares Gap Up – Here’s Why

Travis Perkins PLC (OTCMKTS:TPRKY)’s share price gapped up before the market opened on Tuesday. The stock had previously closed at $7.96, but opened at $8.43. Travis Perkins shares last traded at $8.43, with a volume of 400 shares changing hands.

Wall Street Analysts Forecast Growth

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

Travis Perkins Stock Up 4.5%

The company has a fifty day moving average price of $8.03 and a two-hundred day moving average price of $7.96.

About Travis Perkins

Travis Perkins plc is a United Kingdom-based distributor of building materials, plumbing and heating products, and related supplies. The company serves professional tradespeople, contractors, housebuilders, and other construction and building-services customers through a network of branches, specialist businesses, and digital channels.

Its operations include general and specialist merchanting, supplying products such as timber, bricks, insulation, tools, hardware, civils materials, and plumbing and heating equipment.