Travis Perkins (LON:TPK) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Travis Perkins plc (LON:TPK) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 625.99 and traded as low as GBX 571.50. Travis Perkins shares last traded at GBX 575, with a volume of 478,464 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Travis Perkins from GBX 712 to GBX 680 and set an “overweight” rating for the company in a report on Tuesday, March 24th. Jefferies Financial Group dropped their price objective on shares of Travis Perkins from GBX 531 to GBX 507 and set an “underperform” rating for the company in a report on Thursday, March 19th. Berenberg Bank reissued a “hold” rating and issued a GBX 620 price objective on shares of Travis Perkins in a report on Friday, March 27th. Finally, 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 report on Monday, January 26th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 659.40.

Travis Perkins Price Performance

The stock’s 50-day simple moving average is GBX 618.61 and its 200 day simple moving average is GBX 625.52. The company has a quick ratio of 0.84, a current ratio of 1.72 and a debt-to-equity ratio of 59.00. The company has a market cap of £1.27 billion, a price-to-earnings ratio of -7.18, a PEG ratio of 6.44 and a beta of 1.34.

Travis Perkins (LON:TPK) last posted its earnings results on Tuesday, March 17th. The company reported GBX 30.80 EPS for the quarter. Travis Perkins had a negative net margin of 3.86% and a negative return on equity of 9.35%. On average, equities research analysts anticipate that Travis Perkins plc will post 59.251837 EPS for the current fiscal year.

Insider Transactions at Travis Perkins

In other Travis Perkins news, insider Duncan Cooper sold 6,591 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of GBX 564, for a total transaction of £37,173.24. 0.78% of the stock is owned by company insiders.

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.