Travis Perkins (OTCMKTS:TPRKY) Shares Gap Up – Should You Buy?

Shares of Travis Perkins PLC (OTCMKTS:TPRKY) gapped up prior to trading on Wednesday. The stock had previously closed at $7.24, but opened at $7.72. Travis Perkins shares last traded at $7.72, with a volume of 350 shares.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays cut shares of Travis Perkins from an “overweight” rating to an “underweight” rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft restated 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Travis Perkins Trading Up 6.6%

The firm has a fifty day moving average price of $8.25 and a 200 day moving average price of $7.68.

Travis Perkins Company Profile

Travis Perkins plc is a United Kingdom-based distributor of building materials and construction supplies. Through its merchanting businesses, the company serves professional builders, contractors, tradespeople, housebuilders, and other customers involved in residential, commercial, and infrastructure construction.

The company supplies a broad range of products, including timber, bricks, blocks, insulation, plumbing and heating equipment, tools, workwear, kitchens, bathrooms, and landscaping materials.