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

Key Points

• Travis Perkins plc (LON:TPK) shares have recently crossed above their 200-day moving average for the first time, indicating potential upward momentum in the stock.
• Analysts have set a consensus price target of GBX 660, with ratings including one "Buy" and one "Hold," suggesting cautious optimism among market watchers.
• The company reported a quarterly earnings per share of GBX 13.30, but has negative metrics in return on equity and net margin, indicating potential challenges ahead.

Travis Perkins plc (LON:TPK - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 581.98 ($7.83) and traded as high as GBX 595 ($8.00). Travis Perkins shares last traded at GBX 579.50 ($7.79), with a volume of 2,436,597 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TPK shares. Berenberg Bank reissued a "hold" rating and set a GBX 650 target price on shares of Travis Perkins in a research note on Monday, September 8th. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 670 price target on shares of Travis Perkins in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 660.

Travis Perkins Stock Down 0.3%

The firm has a market capitalization of £1.22 billion, a P/E ratio of -2,195.08, a P/E/G ratio of 6.44 and a beta of 1.52. The company has a fifty day simple moving average of GBX 582.46 and a 200 day simple moving average of GBX 581.98. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 48.33.

Travis Perkins (LON:TPK - Get Free Report) last released its quarterly earnings results 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 expect 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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