Travis Perkins (LON:TPK) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Travis Perkins plc (LON:TPK)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 596.06 and traded as low as GBX 543.50. Travis Perkins shares last traded at GBX 549.50, with a volume of 913,261 shares.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price 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. Jefferies Financial Group dropped their price target on shares of Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating on the stock in a research report on Monday, April 20th. Finally, Berenberg Bank reiterated a “hold” rating and set a GBX 620 price objective 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 target price of GBX 640.80.

Travis Perkins Stock Down 1.7%

The firm has a market cap of £1.14 billion, a price-to-earnings ratio of -6.48, a PEG ratio of 6.44 and a beta of 1.28. The firm has a 50 day moving average of GBX 540.37 and a 200 day moving average of GBX 596.06. The company has a quick ratio of 0.84, a current ratio of 1.72 and a debt-to-equity ratio of 59.00.

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.