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

Key Points

• Travis Perkins shares moved above their 200-day moving average, reaching GBX 619.25 before last trading at GBX 610.44, compared with the average of GBX 581.75.
• Analyst sentiment remains mixed: price targets range from GBX 443 to GBX 710, producing a consensus “Hold” rating and average target of GBX 627.17.
• The company reported quarterly EPS of GBX 15.10 but continues to have negative profitability metrics, including a 3.81% net margin and 9.63% return on equity; insider Jeremy Maiden bought 1,483 shares.

Travis Perkins plc (LON:TPK - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 581.75 and traded as high as GBX 619.25. Travis Perkins shares last traded at GBX 610.44, with a volume of 219,682 shares trading hands.

Wall Street Analysts Forecast Growth

TPK has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Travis Perkins from GBX 630 to GBX 710 and gave the stock an "overweight" rating in a report on Friday, August 7th. Berenberg Bank raised their target price on shares of Travis Perkins from GBX 580 to GBX 650 and gave the stock a "hold" rating in a report on Wednesday, August 5th. Jefferies Financial Group reissued an "underperform" rating and issued a GBX 443 target price on shares of Travis Perkins in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Travis Perkins from GBX 470 to GBX 550 and gave the company a "sell" rating in a report on Wednesday, August 5th. Finally, Peel Hunt reaffirmed a "buy" rating and issued a GBX 660 price objective on shares of Travis Perkins in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 627.17.

Travis Perkins Stock Down 1.2%

The business's 50-day moving average price is GBX 600.79 and its 200-day moving average price is GBX 581.75. 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 firm has a market capitalization of £1.29 billion, a PE ratio of -7.48, a price-to-earnings-growth ratio of 6.44 and a beta of 1.30.

Travis Perkins (LON:TPK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported GBX 15.10 EPS for the quarter. Travis Perkins had a negative net margin of 3.81% and a negative return on equity of 9.63%. As a group, equities research analysts predict that Travis Perkins plc will post 59.251837 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jeremy (Jez) Maiden purchased 1,483 shares of the business's stock in a transaction dated Thursday, August 6th. The stock was bought at an average cost of GBX 669 per share, with a total value of £9,921.27. 0.79% of the stock is currently owned by 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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