Travis Perkins (LON:TPK) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Travis Perkins plc (LON:TPK) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 584.99 and traded as high as GBX 657. Travis Perkins shares last traded at GBX 638.50, with a volume of 320,669 shares trading hands.

Analysts Set New Price Targets

TPK has been the topic of a number of research reports. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 443 target price on shares of Travis Perkins in a research report on Wednesday, August 5th. Peel Hunt reissued a “buy” rating and issued a GBX 660 price target on shares of Travis Perkins in a report on Tuesday, August 4th. Berenberg Bank raised their price target on shares of Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. boosted their price objective on shares of Travis Perkins from GBX 630 to GBX 710 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Travis Perkins from GBX 470 to GBX 550 and gave the company a “sell” rating in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 627.17.

Travis Perkins Stock Performance

The company has a debt-to-equity ratio of 56.92, a current ratio of 1.66 and a quick ratio of 0.84. The firm has a market cap of £1.37 billion, a P/E ratio of -7.76, a PEG ratio of 6.44 and a beta of 1.28. The stock’s 50 day moving average is GBX 577.15 and its two-hundred day moving average is GBX 584.90.

Travis Perkins (LON:TPK) last released its quarterly earnings data on Tuesday, August 4th. The company reported GBX 15.10 earnings per share for the quarter. Travis Perkins had a negative return on equity of 9.63% and a negative net margin of 3.81%. As a group, equities analysts predict that Travis Perkins plc will post 59.251837 EPS for the current year.

Insider Activity at Travis Perkins

In related news, insider Jeremy (Jez) Maiden purchased 1,483 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average price of GBX 669 per share, with a total value of £9,921.27. 0.79% of the stock is owned by company insiders.

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. 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.