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

Travis Perkins PLC (OTCMKTS:TPRKY) gapped down before the market opened on Wednesday. The stock had previously closed at $8.12, but opened at $7.75. Travis Perkins shares last traded at $7.75, with a volume of 3,502 shares trading hands.

Analyst Ratings Changes

A number of analysts recently commented on the company. Barclays cut Travis Perkins from an “overweight” rating to an “underweight” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a “sell” rating on shares of Travis Perkins in a research note on Wednesday, August 5th. One research 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, Travis Perkins currently has an average rating of “Reduce”.

Travis Perkins Stock Down 4.6%

The stock has a fifty day moving average of $8.28 and a 200 day moving average of $7.70.

Travis Perkins Company Profile

Travis Perkins plc is a United Kingdom-based distributor of building materials, construction supplies and home-improvement products. The company serves professional tradespeople, builders, contractors and other customers through a network of branches, specialist businesses and digital channels.

Its operations include general builders’ merchandising under the Travis Perkins brand, plumbing and heating supplies through City Plumbing, and specialist products for insulation, dry lining, civils, infrastructure and commercial construction through businesses such as CCF, Keyline and BSS.