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

Key Points

• Travis Perkins shares rose above their 200-day moving average, reaching GBX 600.50 before closing at GBX 586.50, with more than 1.1 million shares traded.
• Analyst views remain mixed: targets range from GBX 443 to GBX 710, resulting in a consensus “Hold” rating and an average price target of GBX 627.17.
• The company reported quarterly EPS of GBX 15.10 but continues to show a negative net margin and return on equity; an insider nevertheless bought 1,483 shares at GBX 669 each.

Travis Perkins plc (LON:TPK - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 577.11 and traded as high as GBX 600.50. Travis Perkins shares last traded at GBX 586.50, with a volume of 1,127,239 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Peel Hunt reaffirmed a "buy" rating and set a GBX 660 price objective on shares of Travis Perkins in a report on Tuesday, August 4th. Berenberg Bank lifted their target price on shares of Travis Perkins from GBX 580 to GBX 650 and gave the stock a "hold" rating in a research note on Wednesday, August 5th. Jefferies Financial Group reissued an "underperform" rating and issued a GBX 443 price target on shares of Travis Perkins in a research report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price target on shares of Travis Perkins from GBX 630 to GBX 710 and gave the company an "overweight" rating in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of GBX 627.17.

Travis Perkins Price Performance

The stock has a market capitalization of £1.24 billion, a PE ratio of -7.19, a price-to-earnings-growth ratio of 6.44 and a beta of 1.30. The business's 50-day moving average price is GBX 603.90 and its 200 day moving average price is GBX 577.11. The company has a debt-to-equity ratio of 56.92, a quick ratio of 0.84 and a current ratio of 1.66.

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 return on equity of 9.63% and a negative net margin of 3.81%. Research analysts forecast that Travis Perkins plc will post 59.251837 earnings per share for the current year.

Insiders Place Their Bets

In other Travis Perkins news, insider Jeremy (Jez) Maiden bought 1,483 shares of the firm's stock in a transaction on Thursday, August 6th. The shares were acquired 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.

Travis Perkins Company Profile

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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