Travis Perkins (LON:TPK) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Travis Perkins plc (LON:TPK) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 574.55 and traded as high as GBX 623. Travis Perkins shares last traded at GBX 612.50, with a volume of 8,519,038 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TPK. JPMorgan Chase & Co. raised their target price on shares of Travis Perkins from GBX 630 to GBX 710 and gave the company an “overweight” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Travis Perkins from GBX 470 to GBX 550 and gave the stock a “sell” rating in a research note on Wednesday, August 5th. Berenberg Bank upped their target price on Travis Perkins from GBX 580 to GBX 650 and gave the company a “hold” rating in a research report on Wednesday, August 5th. Jefferies Financial Group reiterated an “underperform” rating and issued a GBX 443 price target on shares of Travis Perkins in a research note on Wednesday, August 5th. Finally, Peel Hunt restated a “buy” rating and set a GBX 660 price target on shares of Travis Perkins in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 627.17.

Travis Perkins Trading Up 0.3%

The stock’s fifty day simple moving average is GBX 612.25 and its 200-day simple moving average is GBX 574.40. The firm has a market cap of £1.27 billion, a PE ratio of -7.33, a PEG ratio of 6.44 and a beta of 1.30. The company has a debt-to-equity ratio of 56.92, a current ratio of 1.66 and a quick ratio of 0.84.

Travis Perkins (LON:TPK) last posted its quarterly earnings data on Tuesday, August 4th. The company reported GBX 15.10 EPS for the quarter. Travis Perkins had a negative net margin of 3.81% and a negative return on equity of 9.63%. On average, sell-side analysts forecast that Travis Perkins plc will post 59.251837 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Jeremy (Jez) Maiden purchased 1,483 shares of the stock in a transaction on Thursday, August 6th. The stock was bought at an average price of GBX 669 per share, with a total value of £9,921.27. Corporate insiders own 0.79% of the company’s stock.

Travis Perkins Company Profile

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.