Travis Perkins (LON:TPK) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Travis Perkins shares rose above their 200-day moving average, reaching GBX 661 before last trading at GBX 652.50, compared with a 200-day average of GBX 585.20.
• Analyst opinions remain mixed: JPMorgan raised its target to GBX 710 with an overweight rating, while other firms maintained buy, hold, sell, or underperform views. The consensus rating is “Hold”, with an average price target of GBX 627.17.
• The company reported GBX 15.10 quarterly earnings per share but continues to show a negative net margin and return on equity. Insider Jeremy Maiden bought 1,483 shares at GBX 669, worth approximately £9,921.

Travis Perkins plc (LON:TPK - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 585.20 and traded as high as GBX 661. Travis Perkins shares last traded at GBX 652.50, with a volume of 23,630,951 shares.

Analyst Ratings Changes

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

Travis Perkins Trading Down 0.3%

The company has a debt-to-equity ratio of 56.92, a current ratio of 1.66 and a quick ratio of 0.84. The firm has a fifty day simple moving average of GBX 586.77 and a 200-day simple moving average of GBX 585.20. The firm has a market cap of £1.38 billion, a P/E ratio of -7.83, a price-to-earnings-growth ratio of 6.44 and a beta of 1.28.

Travis Perkins (LON:TPK - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported GBX 15.10 earnings per share for the quarter. Travis Perkins had a negative return on equity of 9.63% and a negative net margin of 3.81%. On average, equities research analysts expect that Travis Perkins plc will post 59.251837 earnings per share for the current year.

Insider Buying and Selling

In other Travis Perkins news, insider Jeremy (Jez) Maiden acquired 1,483 shares of the stock in a transaction on Thursday, August 6th. The shares were purchased at an average price 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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