Travis Perkins (LON:TPK) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Travis Perkins plc (LON:TPK) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 600.02 ($8.15) and traded as high as GBX 619 ($8.41). Travis Perkins shares last traded at GBX 616 ($8.37), with a volume of 590,344 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TPK shares. Berenberg Bank restated a “hold” rating and issued a GBX 650 ($8.83) price target on shares of Travis Perkins in a research note on Thursday, May 1st. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 670 ($9.10) target price on shares of Travis Perkins in a report on Wednesday, August 6th.

Travis Perkins Stock Up 0.6%

The firm has a 50 day moving average of GBX 593.46 and a two-hundred day moving average of GBX 600.02. The firm has a market capitalization of £1.31 billion, a price-to-earnings ratio of -75.06, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 48.33.

Travis Perkins (LON:TPK) last released its quarterly earnings data on Tuesday, August 5th. The company reported GBX 13.30 ($0.18) earnings per share for the quarter. Travis Perkins had a negative return on equity of 0.85% and a negative net margin of 0.37%. As a group, sell-side analysts anticipate that Travis Perkins plc will post 59.251837 EPS for the current fiscal year.

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.