Travis Perkins (OTCMKTS:TPRKY) Shares Gap Up – Still a Buy?

Travis Perkins PLC (OTCMKTS:TPRKY) shares gapped up before the market opened on Wednesday. The stock had previously closed at $7.24, but opened at $7.72. Travis Perkins shares last traded at $7.72, with a volume of 350 shares.

Analyst Ratings Changes

A number of brokerages recently commented on TPRKY. Barclays cut Travis Perkins from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Travis Perkins in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Travis Perkins Price Performance

The company’s 50 day simple moving average is $8.21 and its 200 day simple moving average is $7.69.

About Travis Perkins

Travis Perkins plc is a United Kingdom-based distributor of building materials and construction supplies. Through its merchanting businesses, the company serves professional builders, contractors, tradespeople, housebuilders, and other customers involved in residential, commercial, and infrastructure construction.

The company supplies a broad range of products, including timber, bricks, blocks, insulation, plumbing and heating equipment, tools, workwear, kitchens, bathrooms, and landscaping materials.