Travis Perkins (OTCMKTS:TPRKY) Trading Up 17.6% – Time to Buy?

Travis Perkins PLC (OTCMKTS:TPRKY)’s share price was up 17.6% during mid-day trading on Wednesday . The stock traded as high as $9.01 and last traded at $9.01. 3,860 shares were traded during trading, a decline of 43% from the average daily volume of 6,761 shares. The stock had previously closed at $7.66.

Analyst Upgrades and Downgrades

Separately, Barclays lowered shares of Travis Perkins from an “overweight” rating to an “underweight” rating in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Travis Perkins currently has an average rating of “Reduce”.

Travis Perkins Price Performance

The stock has a 50-day moving average price of $7.39 and a 200 day moving average price of $7.85.

About Travis Perkins

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.