Travis Perkins (LON:TPK) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Travis Perkins plc (LON:TPK) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 605.52 and traded as high as GBX 663. Travis Perkins shares last traded at GBX 647, with a volume of 852,136 shares.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Jefferies Financial Group decreased their price objective on Travis Perkins from GBX 605 to GBX 594 and set a “hold” rating for the company in a research report on Monday, October 20th. Peel Hunt reaffirmed a “buy” rating and set a GBX 740 price target on shares of Travis Perkins in a report on Thursday, October 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Travis Perkins from GBX 670 to GBX 720 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 676.

Travis Perkins Price Performance

The stock has a fifty day moving average of GBX 619.23 and a two-hundred day moving average of GBX 605.52. The stock has a market cap of £1.37 billion, a price-to-earnings ratio of -24.51, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 48.33.

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. 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.