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

Key Points

• Travis Perkins shares have surpassed their two hundred day moving average, reflecting a trading high of GBX 634 ($8.57) on Friday.
• Analyst ratings for the stock are mixed, with JPMorgan Chase asserting an "overweight" rating and a price target of GBX 670, while Berenberg Bank maintains a "hold" rating with a price target of GBX 650.
• Travis Perkins reported a negative net margin of 0.37% in its most recent earnings, with a projected earnings per share of approximately 59.25 for the current fiscal year.

Travis Perkins plc (LON:TPK - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 596.17 ($8.04) and traded as high as GBX 634 ($8.55). Travis Perkins shares last traded at GBX 631 ($8.51), with a volume of 917,085 shares changing hands.

Wall Street Analysts Forecast Growth

TPK has been the subject of a number of research analyst reports. Berenberg Bank restated a "hold" rating and issued a GBX 650 target price on shares of Travis Perkins in a research note on Thursday, May 1st. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 670 price objective on shares of Travis Perkins in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 660.

Travis Perkins Stock Performance

The stock has a market capitalization of £1.29 billion, a price-to-earnings ratio of -73.91, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The firm has a fifty day moving average of GBX 591.93 and a 200 day moving average of GBX 594.42. The company has a debt-to-equity ratio of 48.33, a current ratio of 1.65 and a quick ratio of 0.84.

Travis Perkins (LON:TPK - Get Free Report) last posted its earnings results 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%. On average, sell-side analysts anticipate that Travis Perkins plc will post 59.251837 earnings per share 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.