Travis Perkins (LON:TPK) Stock Breaks Below 50-Day Moving Average - What's Next?

Travis Perkins plc (LON:TPK - Get Free Report)'s share price crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 605.55 and traded as low as GBX 603. Travis Perkins shares last traded at GBX 605, with a volume of 1,672,715 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently commented on TPK. Peel Hunt reissued a "buy" rating and issued a GBX 660 target price on shares of Travis Perkins in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft raised their price target on Travis Perkins from GBX 470 to GBX 550 and gave the company a "sell" rating in a research note on Wednesday, August 5th. Jefferies Financial Group reaffirmed an "underperform" rating and set a GBX 453 price target on shares of Travis Perkins in a report on Tuesday, October 13th. JPMorgan Chase & Co. upped their price objective on Travis Perkins from GBX 630 to GBX 710 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Finally, Berenberg Bank upped their price objective on Travis Perkins from GBX 580 to GBX 650 and gave the stock a "hold" rating in a research report on Wednesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Travis Perkins currently has a consensus rating of "Hold" and a consensus target price of GBX 628.83.

Travis Perkins Trading Up 0.5%

The company has a quick ratio of 0.84, a current ratio of 1.66 and a debt-to-equity ratio of 56.92. The business's fifty day simple moving average is GBX 605.55 and its two-hundred day simple moving average is GBX 594.77. The company has a market cap of £1.29 billion, a price-to-earnings ratio of -7.48, a PEG ratio of 6.44 and a beta of 1.30.

Travis Perkins (LON:TPK - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported GBX 15.10 earnings per share for the quarter. Travis Perkins had a negative net margin of 3.81% and a negative return on equity of 9.63%. On average, equities analysts predict that Travis Perkins plc will post 59.25 EPS for the current year.

Insider Buying and Selling

In related news, insider Jeremy (Jez) Maiden purchased 1,483 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of GBX 669 per share, for a total transaction of £9,921.27. 0.79% of the stock is owned by corporate insiders.

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.

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