Travis Perkins (LON:TPK) Share Price Passes Above 200 Day Moving Average – Here’s Why

Travis Perkins plc (LON:TPK)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 607.62 and traded as high as GBX 663.50. Travis Perkins shares last traded at GBX 647, with a volume of 24,909,176 shares traded.

Wall Street Analyst Weigh In

TPK has been the subject of several research reports. Jefferies Financial Group dropped their price target on Travis Perkins from GBX 605 to GBX 594 and set a “hold” rating for the company in a report on Monday, October 20th. JPMorgan Chase & Co. increased their price objective on Travis Perkins from GBX 670 to GBX 720 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 740 target price on shares of Travis Perkins in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 676.

Travis Perkins Stock Up 1.9%

The company has a market cap of £1.39 billion, a P/E ratio of -24.96, a PEG ratio of 6.44 and a beta of 1.52. The stock has a 50-day moving average of GBX 623.96 and a 200 day moving average of GBX 607.62. The company has a debt-to-equity ratio of 48.33, a current ratio of 1.65 and a quick ratio of 0.84.

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.