Travis Perkins (LON:TPK) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Travis Perkins plc (LON:TPK) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 605.52 and traded as high as GBX 663. Travis Perkins shares last traded at GBX 647, with a volume of 852,136 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on TPK shares. Jefferies Financial Group decreased their price objective on shares of Travis Perkins from GBX 605 to GBX 594 and set a “hold” rating on the stock in a research report on Monday, October 20th. JPMorgan Chase & Co. increased their price target on shares of Travis Perkins from GBX 670 to GBX 720 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Finally, Peel Hunt restated a “buy” rating and set a GBX 740 price objective on shares of Travis Perkins in a research report on Thursday, October 16th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 676.

Travis Perkins Trading Down 0.4%

The business’s fifty day moving average price is GBX 619.23 and its 200 day moving average price is GBX 605.52. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 48.33. The firm has a market capitalization of £1.37 billion, a PE ratio of -24.51, a P/E/G ratio of 6.44 and a beta of 1.52.

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.