Travis Perkins (LON:TPK) Stock Passes Above 200-Day Moving Average – What’s Next?

Travis Perkins plc (LON:TPK)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 621.77 and traded as high as GBX 705. Travis Perkins shares last traded at GBX 698, with a volume of 270,966 shares traded.

Analysts Set New Price Targets

A number of research analysts have issued reports on TPK shares. JPMorgan Chase & Co. reduced their target price on shares of Travis Perkins from GBX 720 to GBX 712 and set an “overweight” rating on the stock in a report on Monday, January 26th. Citigroup raised their target price on shares of Travis Perkins from GBX 700 to GBX 750 and gave the stock a “buy” rating in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Travis Perkins has a consensus rating of “Moderate Buy” and a consensus price target of GBX 689.20.

Travis Perkins Stock Performance

The company has a market cap of £1.48 billion, a price-to-earnings ratio of -26.46, a P/E/G ratio of 6.44 and a beta of 1.52. The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 48.33. The stock’s 50 day moving average price is GBX 649.51 and its 200 day moving average price is GBX 621.77.

About Travis Perkins

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.