Travis Perkins (OTCMKTS:TPRKY) Shares Gap Down – Time to Sell?

Travis Perkins PLC (OTCMKTS:TPRKY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $8.31, but opened at $7.90. Travis Perkins shares last traded at $7.92, with a volume of 374 shares changing hands.

Wall Street Analyst Weigh In

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

Travis Perkins Stock Performance

The firm’s fifty day moving average price is $8.09 and its 200-day moving average price is $7.79.

About Travis Perkins

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.