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

Travis Perkins PLC (OTCMKTS:TPRKY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $7.78, but opened at $8.00. Travis Perkins shares last traded at $7.98, with a volume of 400 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TPRKY shares. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Travis Perkins in a research note on Wednesday, August 5th. Barclays cut Travis Perkins from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce”.

Travis Perkins Stock Performance

The business’s 50-day simple moving average is $8.11 and its two-hundred day simple moving average is $7.75.

About Travis Perkins

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

Its operations include general builders’ merchandising under the Travis Perkins brand, plumbing and heating supplies through City Plumbing, and specialist products for insulation, dry lining, civils, infrastructure and commercial construction through businesses such as CCF, Keyline and BSS.