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

Key Points

• Travis Perkins shares crossed above the 200-day moving average at GBX 590.96, with the stock trading at GBX 591.50 on Monday.
• JPMorgan Chase & Co. has maintained an "overweight" rating for the stock with a price target of GBX 670.
• The company reported a negative net margin of 0.37% and is expected to post earnings of 59.25 GBX per share for the current fiscal year.

Travis Perkins plc (LON:TPK - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 590.96 ($7.94) and traded as high as GBX 600.50 ($8.07). Travis Perkins shares last traded at GBX 591.50 ($7.95), with a volume of 260,044 shares.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 670 target price on shares of Travis Perkins in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Travis Perkins currently has a consensus rating of "Moderate Buy" and an average target price of GBX 660.

Travis Perkins Trading Up 1.4%

The stock has a market cap of £1.19 billion, a P/E ratio of -1,536.89, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The firm's fifty day simple moving average is GBX 588.71 and its 200-day simple moving average is GBX 590.51. The company has a debt-to-equity ratio of 48.33, a quick ratio of 0.84 and a current ratio of 1.65.

Travis Perkins (LON:TPK - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported GBX 13.30 EPS for the quarter. Travis Perkins had a negative return on equity of 0.85% and a negative net margin of 0.37%. Equities research analysts expect that Travis Perkins plc will post 59.251837 EPS for the current fiscal year.

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.