Travis Perkins (OTCMKTS:TPRKY) Shares Gap Down – What’s Next?

Travis Perkins PLC (OTCMKTS:TPRKY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $8.31, but opened at $7.90. Travis Perkins shares last traded at $7.92, with a volume of 374 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TPRKY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Travis Perkins in a research report on Wednesday, August 5th. Barclays lowered Travis Perkins from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Travis Perkins currently has a consensus rating of “Reduce”.

Travis Perkins Price Performance

The stock’s 50 day simple moving average is $8.09 and its two-hundred day simple moving average is $7.79.

Travis Perkins Company Profile

Travis Perkins plc, trading over the counter as TPRKY, is a leading supplier of building materials and home improvement products in the United Kingdom. The company serves professional builders, contractors and do-it-yourself customers through an extensive network of branch outlets and online channels. Its core offerings span timber and joinery, bricks and blocks, roofing materials, landscaping products, and a wide range of plumbing and heating supplies.

In addition to traditional builders’ merchant services, Travis Perkins has expanded its portfolio to include tool hire, safety equipment and specialist services such as plant and tool servicing.