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

Travis Perkins PLC (OTCMKTS:TPRKY) gapped down before the market opened on Wednesday. The stock had previously closed at $8.68, but opened at $8.38. Travis Perkins shares last traded at $8.38, with a volume of 100 shares trading hands.

Wall Street Analyst Weigh In

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

Travis Perkins Trading Down 2.4%

The business has a 50-day moving average of $8.01 and a 200 day moving average of $7.96.

Travis Perkins Company Profile

Travis Perkins plc is a UK building materials distributor serving construction businesses, tradespeople and other professional customers. The company supplies products used in new construction, renovation and maintenance projects through its branch network and online channels. Its product range includes general building materials, timber, plumbing and heating supplies, tools and related products. The group operates under several specialist brands, including Travis Perkins, Toolstation and BSS. The company’s operations are focused primarily on the United Kingdom, where it serves customers across residential, commercial and infrastructure construction markets.