Travis Perkins (LON:TPK) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Travis Perkins plc shares surpassed their 200-day moving average during trading, reaching a high of GBX 635.38 ($8.54), with the last trading price at GBX 634 ($8.52).
• Analysts have mixed ratings for the stock, with one Buy rating and two Hold ratings; the average price target is GBX 641.67.
• The company reported a quarterly earnings per share of GBX 13.30, with a negative net margin of 0.37% and an expected full-year EPS of 59.25.

Travis Perkins plc (LON:TPK - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 583.52 ($7.84) and traded as high as GBX 635.38 ($8.54). Travis Perkins shares last traded at GBX 634 ($8.52), with a volume of 3,239,644 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TPK. Berenberg Bank reissued a "hold" rating and issued a GBX 650 price target on shares of Travis Perkins in a research note on Monday, September 8th. Jefferies Financial Group boosted their price objective on Travis Perkins from GBX 600 to GBX 605 and gave the stock a "hold" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 670 price target on shares of Travis Perkins in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Travis Perkins currently has an average rating of "Hold" and an average price target of GBX 641.67.

Travis Perkins Trading Up 0.2%

The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 48.33. The stock has a market cap of £1.34 billion, a P/E ratio of -2,401.52, a PEG ratio of 6.44 and a beta of 1.52. The business's 50 day simple moving average is GBX 586.94 and its two-hundred day simple moving average is GBX 583.52.

Travis Perkins (LON:TPK - Get Free Report) last issued 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 net margin of 0.37% and a negative return on equity of 0.85%. As a group, analysts expect that Travis Perkins plc will post 59.251837 EPS for the current 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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