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

Shares of Travis Perkins PLC (OTCMKTS:TPRKY) gapped up before the market opened on Tuesday. The stock had previously closed at $7.96, but opened at $8.43. Travis Perkins shares last traded at $8.43, with a volume of 400 shares.

Analysts Set New Price Targets

TPRKY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Travis Perkins in a research note on Wednesday, August 5th. Barclays cut Travis Perkins from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Travis Perkins Stock Up 1.5%

The company’s fifty day simple moving average is $8.02 and its two-hundred day simple moving average is $7.96.

About Travis Perkins

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

Its operations include general and specialist merchanting, supplying products such as timber, bricks, insulation, tools, hardware, civils materials, and plumbing and heating equipment.