Travis Perkins (LON:TPK) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Travis Perkins plc (LON:TPKGet Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 627.75 and traded as low as GBX 581.50. Travis Perkins shares last traded at GBX 586, with a volume of 59,880,125 shares changing hands.

Wall Street Analyst Weigh In

TPK has been the subject of a number of recent research reports. Citigroup upped their target price on Travis Perkins from GBX 700 to GBX 750 and gave the stock a “buy” rating in a report on Monday, January 26th. JPMorgan Chase & Co. dropped their price objective on shares of Travis Perkins from GBX 720 to GBX 712 and set an “overweight” rating for the company in a report on Monday, January 26th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 689.20.

Get Our Latest Analysis on Travis Perkins

Travis Perkins Stock Performance

The firm has a market capitalization of £1.29 billion, a P/E ratio of -23.11, a price-to-earnings-growth ratio of 6.44 and a beta of 1.31. The company has a 50-day moving average of GBX 659.31 and a 200-day moving average of GBX 627.46. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 51.58.

Travis Perkins Company Profile

(Get Free Report)

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.

Further Reading

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