Travis Perkins (OTCMKTS:TPRKY) Shares Gap Up – Here’s Why

Travis Perkins PLC (OTCMKTS:TPRKY)’s stock price gapped up before the market opened on Tuesday. The stock had previously closed at $7.96, but opened at $8.43. Travis Perkins shares last traded at $8.43, with a volume of 400 shares changing hands.

Analyst Ratings Changes

A number of brokerages recently commented on TPRKY. Barclays downgraded Travis Perkins from an “overweight” rating to an “underweight” rating in a research note 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 investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Travis Perkins Price Performance

The firm has a 50-day moving average of $8.03 and a 200 day moving average of $7.96.

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.