Travis Perkins (OTCMKTS:TPRKY) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Travis Perkins PLC (OTCMKTS:TPRKY) shares passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $7.97 and traded as low as $7.96. Travis Perkins shares last traded at $7.96, with a volume of 401 shares changing hands.

Wall Street Analysts Forecast Growth

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

Travis Perkins Stock Down 4.4%

The business’s fifty day simple moving average is $8.07 and its 200 day simple moving average is $7.97.

Travis Perkins Company Profile

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

Its operations include general and specialist merchanting, supplying products such as timber, bricks, insulation, tools, hardware, civils materials, and plumbing and heating equipment.