Travis Perkins (LON:TPK) Stock Passes Above 200 Day Moving Average on Analyst Downgrade

Travis Perkins plc (LON:TPK)’s stock price passed above its 200-day moving average during trading on Monday after Jefferies Financial Group raised their price target on the stock from GBX 600 to GBX 605. The stock has a 200-day moving average of GBX 590.17 ($7.91) and traded as high as GBX 608 ($8.15). Jefferies Financial Group currently has a hold rating on the stock. Travis Perkins shares last traded at GBX 601.50 ($8.06), with a volume of 623,079 shares trading hands.

TPK has been the topic of a number of other research reports. Berenberg Bank restated a “hold” rating and issued a GBX 650 target price on shares of Travis Perkins in a report on Monday, September 8th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 670 target price on shares of Travis Perkins in a research note on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Travis Perkins has a consensus rating of “Moderate Buy” and a consensus price target of GBX 663.50.

Travis Perkins Price Performance

The firm has a market cap of £1.27 billion, a P/E ratio of -22.78, a PEG ratio of 6.44 and a beta of 1.52. The business’s fifty day simple moving average is GBX 601.58 and its 200-day simple moving average is GBX 590.17. The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 48.33.

Travis Perkins (LON:TPK) last posted its earnings results on Tuesday, August 5th. The company reported GBX 13.30 earnings per share for the quarter. Travis Perkins had a negative net margin of 0.37% and a negative return on equity of 0.85%. As a group, analysts forecast that Travis Perkins plc will post 59.251837 EPS for the current fiscal year.

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.