Travis Perkins (LON:TPK) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Travis Perkins plc (LON:TPK) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 592.25 and traded as low as GBX 544.50. Travis Perkins shares last traded at GBX 551.50, with a volume of 476,753 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Berenberg Bank lowered their price target on shares of Travis Perkins from GBX 620 to GBX 580 and set a “hold” rating for the company in a report on Wednesday, July 8th. 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, JPMorgan Chase & Co. reduced their price objective on shares of Travis Perkins from GBX 680 to GBX 630 and set an “overweight” rating on the stock in a research note on Tuesday, May 19th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Travis Perkins has a consensus rating of “Hold” and a consensus price target of GBX 632.80.

Travis Perkins Price Performance

The company has a market capitalization of £1.17 billion, a price-to-earnings ratio of -6.62, a P/E/G ratio of 6.44 and a beta of 1.28. 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 business has a 50 day moving average price of GBX 541.43 and a 200-day moving average price of GBX 592.25.

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.