Travis Perkins (OTCMKTS:TPRKY) Shares Gap Down – Time to Sell?

Travis Perkins PLC (OTCMKTS:TPRKY) gapped down before the market opened on Thursday. The stock had previously closed at $7.64, but opened at $7.25. Travis Perkins shares last traded at $7.25, with a volume of 100 shares changing hands.

Analyst Ratings Changes

TPRKY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Travis Perkins in a report on Wednesday, August 5th. Barclays cut Travis Perkins from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Travis Perkins Price Performance

The stock has a 50 day moving average price of $8.31 and a two-hundred day moving average price of $7.69.

About Travis Perkins

Travis Perkins plc is a United Kingdom-based distributor of building materials and construction supplies. Through its merchanting businesses, the company serves professional builders, contractors, tradespeople, housebuilders, and other customers involved in residential, commercial, and infrastructure construction.

The company supplies a broad range of products, including timber, bricks, blocks, insulation, plumbing and heating equipment, tools, workwear, kitchens, bathrooms, and landscaping materials.