Travis Perkins (LON:TPK) Shares Cross Above Two Hundred Day Moving Average of $802.64

Travis Perkins plc (LON:TPK)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 802.64 ($10.58) and traded as high as GBX 909.50 ($11.99). Travis Perkins shares last traded at GBX 900.50 ($11.88), with a volume of 173,138 shares traded.

Analysts Set New Price Targets

Several brokerages recently commented on TPK. Berenberg Bank reiterated a “hold” rating and set a GBX 800 ($10.55) price target on shares of Travis Perkins in a research note on Friday, August 9th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,100 ($14.51) price target on shares of Travis Perkins in a research note on Thursday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Travis Perkins to a “buy” rating and cut their price target for the stock from GBX 1,100 ($14.51) to GBX 910 ($12.00) in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 940 ($12.40).

Travis Perkins Price Performance

The company has a debt-to-equity ratio of 52.98, a quick ratio of 0.84 and a current ratio of 1.65. The company has a market capitalization of £1.90 billion, a PE ratio of -11,256.25, a P/E/G ratio of 6.44 and a beta of 1.54. The company’s 50-day simple moving average is GBX 878.37 and its 200-day simple moving average is GBX 802.64.

Travis Perkins Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 8th. Shareholders of record on Thursday, October 3rd will be given a dividend of GBX 5.50 ($0.07) per share. This represents a yield of 0.62%. The ex-dividend date of this dividend is Thursday, October 3rd. Travis Perkins’s payout ratio is currently -13,750.00%.

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.