Travis Perkins (LON:TPK) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Travis Perkins plc (LON:TPK)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 581.75 and traded as high as GBX 619.25. Travis Perkins shares last traded at GBX 610.44, with a volume of 219,682 shares.

Analysts Set New Price Targets

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

Travis Perkins Stock Down 1.2%

The firm’s 50-day simple moving average is GBX 600.79 and its 200-day simple moving average is GBX 581.75. The company has a debt-to-equity ratio of 56.92, a quick ratio of 0.84 and a current ratio of 1.66. The company has a market capitalization of £1.29 billion, a price-to-earnings ratio of -7.48, a price-to-earnings-growth ratio of 6.44 and a beta of 1.30.

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

Insider Transactions at Travis Perkins

In other news, insider Jeremy (Jez) Maiden purchased 1,483 shares of the stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of GBX 669 per share, for a total transaction of £9,921.27. 0.79% of the stock is owned by corporate 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.