Travis Perkins (LON:TPK) Shares Pass Above Two Hundred Day Moving Average Following Analyst Downgrade

Key Points

• Travis Perkins shares crossed above their 200-day moving average after Jefferies Financial Group raised their price target from GBX 600 to GBX 605.
• The stock currently holds a consensus rating of "Moderate Buy" with an average price target of GBX 663.50.
• Travis Perkins had a negative return on equity of 0.85% and reported earnings per share of GBX 13.30 for the last quarter.

Travis Perkins plc (LON:TPK - Get Free Report) shares crossed above its 200-day moving average during trading on Monday after Jefferies Financial Group raised their price target on the stock from GBX 600 to GBX 605. The stock has a 200-day moving average of GBX 590.17 ($7.91) and traded as high as GBX 608 ($8.15). Jefferies Financial Group currently has a hold rating on the stock. Travis Perkins shares last traded at GBX 601.50 ($8.06), with a volume of 623,079 shares.

A number of other equities analysts have also issued reports on TPK. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 670 price target on shares of Travis Perkins in a report on Wednesday, August 6th. Berenberg Bank reissued a "hold" rating and set a GBX 650 price target on shares of Travis Perkins in a report on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Travis Perkins currently has a consensus rating of "Moderate Buy" and an average price target of GBX 663.50.

Travis Perkins Price Performance

The stock has a fifty day simple moving average of GBX 601.58 and a two-hundred day simple moving average of GBX 590.17. The company has a market cap of £1.27 billion, a PE ratio of -22.78, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 48.33.

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

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.

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