Travis Perkins (LON:TPK) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Travis Perkins plc (LON:TPK) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 626.30 and traded as high as GBX 715. Travis Perkins shares last traded at GBX 702, with a volume of 606,910 shares.

Analyst Upgrades and Downgrades

TPK has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price objective on Travis Perkins from GBX 720 to GBX 712 and set an “overweight” rating for the company in a research report on Monday, January 26th. Citigroup raised their target price on shares of Travis Perkins from GBX 700 to GBX 750 and gave the company a “buy” rating in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 689.20.

Travis Perkins Price Performance

The company has a debt-to-equity ratio of 48.33, a quick ratio of 0.84 and a current ratio of 1.65. The company has a 50-day moving average price of GBX 659.13 and a 200-day moving average price of GBX 626.30. The firm has a market capitalization of £1.49 billion, a P/E ratio of -26.72, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52.

About Travis Perkins

Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline products, as well as supplies managed services, and commercial and industrial heating and cooling solutions. In addition, the company provides in specialist civils and drainage solutions; and air-conditioning and refrigeration products and heat pumps. Further, it provides insulation and interior building products to interior building specialists, contractors, and builders; and kitchens and joinery products.