Travis Perkins (LON:TPK) Stock Crosses Above Two Hundred Day Moving Average of $761.98

Travis Perkins plc (LON:TPK) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 761.98 ($9.57) and traded as high as GBX 796 ($10.00). Travis Perkins shares last traded at GBX 785 ($9.86), with a volume of 264,786 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TPK. Berenberg Bank dropped their target price on Travis Perkins from GBX 880 ($11.05) to GBX 800 ($10.05) and set a “buy” rating for the company in a report on Wednesday, March 6th. Royal Bank of Canada cut their target price on shares of Travis Perkins from GBX 1,025 ($12.88) to GBX 950 ($11.93) and set an “outperform” rating on the stock in a report on Tuesday, March 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 863 ($10.84).

Travis Perkins Price Performance

The company has a current ratio of 1.69, a quick ratio of 0.84 and a debt-to-equity ratio of 51.63. The stock has a 50 day moving average of GBX 730.94 and a 200-day moving average of GBX 761.98. The stock has a market capitalization of £1.66 billion, a P/E ratio of 4,361.11, a price-to-earnings-growth ratio of 6.44 and a beta of 1.49.

Travis Perkins Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, March 28th will be paid a dividend of GBX 5.50 ($0.07) per share. The ex-dividend date is Thursday, March 28th. This represents a dividend yield of 0.74%. Travis Perkins’s payout ratio is 10,000.00%.

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.