Travis Perkins (OTCMKTS:TPRKY) Shares Gap Down – Should You Sell?

Travis Perkins PLC (OTCMKTS:TPRKY) shares gapped down prior to trading on Wednesday. The stock had previously closed at $8.68, but opened at $8.38. Travis Perkins shares last traded at $8.38, with a volume of 100 shares traded.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Deutsche Bank restated a “sell” rating on shares of Travis Perkins in a report on Wednesday, August 5th. Barclays cut Travis Perkins from an “overweight” rating to an “underweight” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Travis Perkins has a consensus rating of “Reduce”.

Travis Perkins Trading Up 0.7%

The stock’s fifty day moving average is $8.01 and its two-hundred day moving average is $7.95.

About Travis Perkins

Travis Perkins plc is a UK building materials distributor serving construction businesses, tradespeople and other professional customers. The company supplies products used in new construction, renovation and maintenance projects through its branch network and online channels. Its product range includes general building materials, timber, plumbing and heating supplies, tools and related products. The group operates under several specialist brands, including Travis Perkins, Toolstation and BSS. The company’s operations are focused primarily on the United Kingdom, where it serves customers across residential, commercial and infrastructure construction markets.