Zacks Investment Research Lowers Travis Perkins (TVPKF) to Sell

Travis Perkins (NASDAQ:TVPKF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Saturday.

According to Zacks, “Travis Perkins plc is engaged in supplying building materials to the UK’s building and construction industry. The company offers building materials that include aggregates, sand, and cement; bricks, blocks, lintels, and damp proofing; drains and foundations; dry lining and plastering products; and insulation, roofing, and sustainable products. It also involves in the sale of timber, building materials, and plumbing and heating products, as well as hiring of tools. Travis also provides clothing and personal protective equipment; decorative products; electrical products; kitchens and bathrooms; and landscaping, plumbing and heating, timber, joinery, sheet material, tools, fixings, and consumable products, as well as involves in property management. Travis Perkins plc is based in Northampton, the United Kingdom. “

Shares of Travis Perkins (NASDAQ:TVPKF) remained flat at $19.25 during midday trading on Friday. The stock’s 50 day moving average price is $18.24 and its 200 day moving average price is $18.21. Travis Perkins has a 52 week low of $17.60 and a 52 week high of $25.45. The firm has a market capitalization of $4.80 billion and a P/E ratio of 310.48.

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