Travis Perkins (LON:TPK) Stock Crosses Below 200 Day Moving Average – Here’s Why

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 trading hands.

Analyst Upgrades and Downgrades

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

Travis Perkins Trading Down 1.7%

The company has a market cap of £1.14 billion, a price-to-earnings ratio of -6.48, a price-to-earnings-growth ratio of 6.44 and a beta of 1.28. The business’s fifty day moving average price is GBX 540.37 and its 200 day moving average price is GBX 596.06. The company has a debt-to-equity ratio of 59.00, a current ratio of 1.72 and a quick ratio of 0.84.

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.