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

Travis Perkins PLC (OTCMKTS:TPRKY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $8.41, but opened at $8.6910. Travis Perkins shares last traded at $8.6910, with a volume of 226 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Travis Perkins from a “buy” rating to a “sell” rating in a research report on Thursday, December 11th. Jefferies Financial Group downgraded shares of Travis Perkins from a “hold” rating to a “moderate sell” rating in a report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Travis Perkins has an average rating of “Moderate Buy”.

Travis Perkins Stock Up 1.4%

The company’s 50 day moving average price is $8.19 and its two-hundred day moving average price is $8.08. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.94 and a current ratio of 1.49.

Travis Perkins Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, October 6th were issued a $0.061 dividend. The ex-dividend date was Friday, October 3rd. This represents a dividend yield of 226.0%.

Travis Perkins Company Profile

Travis Perkins plc, trading over the counter as TPRKY, is a leading supplier of building materials and home improvement products in the United Kingdom. The company serves professional builders, contractors and do-it-yourself customers through an extensive network of branch outlets and online channels. Its core offerings span timber and joinery, bricks and blocks, roofing materials, landscaping products, and a wide range of plumbing and heating supplies.

In addition to traditional builders’ merchant services, Travis Perkins has expanded its portfolio to include tool hire, safety equipment and specialist services such as plant and tool servicing.