Travis Perkins (OTCMKTS:TPRKY) Sees Strong Trading Volume – Still a Buy?

Travis Perkins PLC (OTCMKTS:TPRKY) saw an uptick in trading volume on Wednesday . 29,958 shares changed hands during mid-day trading, an increase of 857% from the previous session’s volume of 3,131 shares.The stock last traded at $8.9630 and had previously closed at $9.15.

Analysts Set New Price Targets

TPRKY has been the topic of a number of recent analyst reports. Citigroup restated a “buy” rating on shares of Travis Perkins in a research note on Monday. Deutsche Bank Aktiengesellschaft lowered Travis Perkins from a “buy” rating to a “sell” rating in a research report on Thursday, December 11th. Finally, Jefferies Financial Group cut shares of Travis Perkins from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Travis Perkins Trading Down 1.3%

The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The business’s 50-day simple moving average is $8.50 and its 200 day simple moving average is $8.17.

Travis Perkins Company Profile

Travis Perkins plc, trading over the counter as TPRKY, is a leading supplier of building materials and home improvement products in the United Kingdom. The company serves professional builders, contractors and do-it-yourself customers through an extensive network of branch outlets and online channels. Its core offerings span timber and joinery, bricks and blocks, roofing materials, landscaping products, and a wide range of plumbing and heating supplies.

In addition to traditional builders’ merchant services, Travis Perkins has expanded its portfolio to include tool hire, safety equipment and specialist services such as plant and tool servicing.