Travis Perkins (LON:TPK) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Travis Perkins plc (LON:TPK) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 621.77 and traded as high as GBX 705. Travis Perkins shares last traded at GBX 698, with a volume of 270,966 shares.

Analyst Upgrades and Downgrades

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

Travis Perkins Stock Up 0.1%

The firm has a 50-day simple moving average of GBX 649.51 and a 200 day simple moving average of GBX 621.77. The company has a market capitalization of £1.48 billion, a PE ratio of -26.46, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The company has a debt-to-equity ratio of 48.33, a current ratio of 1.65 and a quick ratio of 0.84.

Travis Perkins Company Profile

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.