Travis Perkins (LON:TPK) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Travis Perkins plc (LON:TPK)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 627.75 and traded as low as GBX 581.50. Travis Perkins shares last traded at GBX 586, with a volume of 59,880,125 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TPK shares. Citigroup upped their target price on shares of Travis Perkins from GBX 700 to GBX 750 and gave the company a “buy” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. cut their price target on shares of Travis Perkins from GBX 720 to GBX 712 and set an “overweight” rating for the company in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 689.20.

Travis Perkins Stock Performance

The stock has a market capitalization of £1.24 billion, a P/E ratio of -22.20, a P/E/G ratio of 6.44 and a beta of 1.31. The stock has a 50 day simple moving average of GBX 660.49 and a two-hundred day simple moving average of GBX 627.75. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 51.58.

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.