Travis Perkins (LON:TPK) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Travis Perkins plc (LON:TPK) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 608.25 and traded as low as GBX 540. Travis Perkins shares last traded at GBX 540, with a volume of 401,634 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Jefferies Financial Group lowered their price target on shares of Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating for the company in a research report on Monday, April 20th. JPMorgan Chase & Co. lowered their price target on shares of Travis Perkins from GBX 680 to GBX 630 and set an “overweight” rating for the company in a research report on Tuesday, May 19th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 620 price target on shares of Travis Perkins in a research report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Travis Perkins currently has an average rating of “Hold” and an average price target of GBX 640.80.

Travis Perkins Stock Performance

The company has a market capitalization of £1.16 billion, a PE ratio of -6.60, a PEG ratio of 6.44 and a beta of 1.28. The business’s 50-day moving average is GBX 553.53 and its 200-day moving average is GBX 608.25. The company has a debt-to-equity ratio of 59.00, a quick ratio of 0.84 and a current ratio of 1.72.

Travis Perkins (LON:TPK) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 30.80 earnings per share (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, research analysts anticipate that Travis Perkins plc will post 59.251837 earnings per share for the current year.

Insider Transactions at Travis Perkins

In other Travis Perkins news, insider Duncan Cooper sold 6,591 shares of Travis Perkins stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of GBX 564, for a total value of £37,173.24. Company insiders own 0.78% 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.