Travis Perkins (OTCMKTS:TPRKY) Shares Gap Down – Here’s Why

Travis Perkins PLC (OTCMKTS:TPRKY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $8.12, but opened at $7.75. Travis Perkins shares last traded at $7.75, with a volume of 3,502 shares traded.

Analyst Ratings Changes

A number of research analysts have weighed in on TPRKY shares. Barclays cut shares of Travis Perkins from an “overweight” rating to an “underweight” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Travis Perkins in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Travis Perkins Stock Down 4.6%

The company’s 50 day moving average is $8.28 and its 200 day moving average is $7.70.

About Travis Perkins

Travis Perkins plc is a United Kingdom-based distributor of building materials, construction supplies and home-improvement products. The company serves professional tradespeople, builders, contractors and other customers through a network of branches, specialist businesses and digital channels.

Its operations include general builders’ merchandising under the Travis Perkins brand, plumbing and heating supplies through City Plumbing, and specialist products for insulation, dry lining, civils, infrastructure and commercial construction through businesses such as CCF, Keyline and BSS.