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

Travis Perkins PLC (OTCMKTS:TPRKY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $9.08, but opened at $8.74. Travis Perkins shares last traded at $8.74, with a volume of 100 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Travis Perkins in a research note on Wednesday, August 5th. Barclays lowered shares of Travis Perkins from an “overweight” rating to an “underweight” rating in a research report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Travis Perkins Price Performance

The stock has a 50-day simple moving average of $7.56 and a 200-day simple moving average of $7.86.

Travis Perkins Company Profile

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.