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

Shares of Travis Perkins PLC (OTCMKTS:TPRKY) gapped up prior to trading on Thursday . The stock had previously closed at $8.02, but opened at $8.34. Travis Perkins shares last traded at $8.31, with a volume of 1,156 shares trading hands.

Wall Street Analyst Weigh In

Separately, Peel Hunt upgraded shares of Travis Perkins from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, April 3rd.

Travis Perkins Stock Up 3.1%

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.68 and a quick ratio of 1.02. The business’s 50 day simple moving average is $8.30 and its 200 day simple moving average is $8.12.

Travis Perkins Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, April 23rd were given a $0.1165 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a positive change from Travis Perkins’s previous dividend of $0.07. This represents a dividend yield of 2.65%.

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.