Travis Perkins (LON:TPK) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Travis Perkins shares rose above their 200-day moving average, reaching GBX 623 before closing at GBX 612.50 on high volume of 8.5 million shares.
• Analyst sentiment remains mixed: the consensus rating is “Hold” with an average price target of GBX 627.17, while individual targets range from GBX 443 to GBX 710.
• The company reported quarterly EPS of GBX 15.10 but continues to post a negative net margin and return on equity; insider Jeremy Maiden bought 1,483 shares for roughly £9,921.

Travis Perkins plc (LON:TPK - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 574.55 and traded as high as GBX 623. Travis Perkins shares last traded at GBX 612.50, with a volume of 8,519,038 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Travis Perkins from GBX 630 to GBX 710 and gave the company an "overweight" rating in a report on Friday, August 7th. Berenberg Bank lifted their price target on shares of Travis Perkins from GBX 580 to GBX 650 and gave the company a "hold" rating in a research note on Wednesday, August 5th. Jefferies Financial Group reissued an "underperform" rating and issued a GBX 443 price objective on shares of Travis Perkins in a research note on Wednesday, August 5th. Peel Hunt restated a "buy" rating and set a GBX 660 price objective on shares of Travis Perkins in a report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Travis Perkins from GBX 470 to GBX 550 and gave the stock a "sell" rating in a report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of GBX 627.17.

Travis Perkins Price Performance

The firm's 50-day moving average price is GBX 611.55 and its two-hundred day moving average price is GBX 574.55. The stock has a market cap of £1.30 billion, a PE ratio of -7.51, a PEG ratio of 6.44 and a beta of 1.30. The company has a current ratio of 1.66, a quick ratio of 0.84 and a debt-to-equity ratio of 56.92.

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 (EPS) 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 expect that Travis Perkins plc will post 59.251837 earnings per share for the current fiscal year.

Insider Transactions at Travis Perkins

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

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