Travis Perkins (LON:TPK) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Travis Perkins plc (LON:TPK) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 581.75 and traded as high as GBX 619.25. Travis Perkins shares last traded at GBX 610.44, with a volume of 219,682 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Berenberg Bank upped their price objective on shares of Travis Perkins from GBX 580 to GBX 650 and gave the stock a “hold” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. increased their price target on Travis Perkins from GBX 630 to GBX 710 and gave the company an “overweight” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Travis Perkins from GBX 470 to GBX 550 and gave the stock a “sell” rating in a research report on Wednesday, August 5th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 443 target price on shares of Travis Perkins in a research report on Wednesday, August 5th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 660 price objective on shares of Travis Perkins in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 627.17.

Travis Perkins Price Performance

The stock has a market capitalization of £1.26 billion, a PE ratio of -7.31, a price-to-earnings-growth ratio of 6.44 and a beta of 1.30. The company has a debt-to-equity ratio of 56.92, a quick ratio of 0.84 and a current ratio of 1.66. The business’s 50-day moving average price is GBX 601.67 and its 200 day moving average price is GBX 581.03.

Travis Perkins (LON:TPK) last released its quarterly earnings results on Tuesday, August 4th. The company reported GBX 15.10 earnings per share for the quarter. Travis Perkins had a negative net margin of 3.81% and a negative return on equity of 9.63%. Research analysts forecast that Travis Perkins plc will post 59.251837 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jeremy (Jez) Maiden bought 1,483 shares of the stock in a transaction on Thursday, August 6th. The shares were bought at an average price of GBX 669 per share, with a total value of £9,921.27. Corporate insiders own 0.79% of the company’s stock.

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.