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

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 608.25 and traded as low as GBX 540. Travis Perkins shares last traded at GBX 540, with a volume of 401,634 shares traded.

Analyst Upgrades and Downgrades

TPK has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price target on shares of Travis Perkins from GBX 507 to GBX 464 and set an “underperform” rating on the stock in a report on Monday, April 20th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 620 target price on shares of Travis Perkins in a research report on Friday, March 27th. Finally, JPMorgan Chase & Co. dropped 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. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 640.80.

Travis Perkins Stock Performance

The company’s 50-day moving average price is GBX 553.53 and its 200 day moving average price 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. The stock 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.

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

Insider Activity at Travis Perkins

In other news, insider Duncan Cooper sold 6,591 shares of the firm’s 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. Corporate insiders own 0.78% of the company’s stock.

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.