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

Travis Perkins PLC (OTCMKTS:TPRKY) gapped down prior to trading on Wednesday . The stock had previously closed at $9.08, but opened at $8.74. Travis Perkins shares last traded at $8.74, with a volume of 100 shares changing hands.

Wall Street Analysts Forecast Growth

TPRKY has been the topic of several research reports. Barclays cut Travis Perkins from an “overweight” rating to an “underweight” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Travis Perkins in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Travis Perkins Stock Performance

The firm has a 50-day moving average of $7.56 and a 200-day moving average of $7.86.

About Travis Perkins

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.