Travis Perkins (LON:TPK) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Travis Perkins plc (LON:TPK)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 596.06 and traded as low as GBX 543.50. Travis Perkins shares last traded at GBX 549.50, with a volume of 913,261 shares traded.

Analyst Ratings Changes

Several research firms have recently issued reports on TPK. JPMorgan Chase & Co. lowered their target price on shares of Travis Perkins from GBX 680 to GBX 630 and set an “overweight” rating on the stock in a research note on Tuesday, May 19th. Jefferies Financial Group cut their price target on Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating for the company in a research note on Monday, April 20th. Finally, Berenberg Bank reduced their price target on Travis Perkins from GBX 620 to GBX 580 and set a “hold” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 632.80.

Travis Perkins Stock Up 2.2%

The business has a 50-day moving average price of GBX 540.07 and a 200-day moving average price of GBX 594.62. The stock has a market cap of £1.12 billion, a PE ratio of -6.36, a price-to-earnings-growth ratio of 6.44 and a beta of 1.28. The company has a current ratio of 1.72, a quick ratio of 0.84 and a debt-to-equity ratio of 59.00.

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.