Travis Perkins (LON:TPK) Stock Crosses Above 200 Day Moving Average – What’s Next?

Travis Perkins plc (LON:TPK) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 611.79 and traded as high as GBX 643. Travis Perkins shares last traded at GBX 640.50, with a volume of 372,715 shares changing hands.

Analyst Ratings Changes

A number of research firms have weighed in on TPK. Peel Hunt reiterated a “buy” rating and set a GBX 740 price target on shares of Travis Perkins in a research note on Thursday, October 16th. Jefferies Financial Group lowered their target price on Travis Perkins from GBX 605 to GBX 594 and set a “hold” rating for the company in a research note on Monday, October 20th. JPMorgan Chase & Co. decreased their price objective on Travis Perkins from GBX 720 to GBX 712 and set an “overweight” rating on the stock in a research report on Monday, January 26th. Finally, Citigroup boosted their price target on shares of Travis Perkins from GBX 700 to GBX 750 and gave the stock a “buy” rating in a research note on Monday, January 26th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Travis Perkins currently has an average rating of “Moderate Buy” and a consensus price target of GBX 689.20.

Travis Perkins Stock Up 2.4%

The stock’s fifty day moving average price is GBX 634.47 and its 200-day moving average price is GBX 611.79. The company has a market capitalization of £1.35 billion, a price-to-earnings ratio of -24.26, a P/E/G 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.

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. 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.