Travis Perkins (OTCMKTS:TPRKY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Travis Perkins PLC (OTCMKTS:TPRKYGet Free Report) saw unusually-strong trading volume on Monday . Approximately 24,741 shares were traded during mid-day trading, an increase of 479% from the previous session’s volume of 4,270 shares.The stock last traded at $7.3301 and had previously closed at $7.5508.

Wall Street Analyst Weigh In

Separately, Barclays cut Travis Perkins from an “overweight” rating to an “underweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

View Our Latest Analysis on Travis Perkins

Travis Perkins Price Performance

The firm’s 50-day simple moving average is $7.27 and its 200-day simple moving average is $7.93.

About Travis Perkins

(Get Free Report)

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.

Further Reading

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