Travis Perkins (LON:TPK) Stock Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Travis Perkins' share price crossed below its 200‑day moving average, trading as low as GBX 571.50 and last at GBX 575 versus the 200‑day MA of GBX 625.99, on a volume of 478,464 shares.
• Analysts are mixed — three Buy, one Hold and one Sell — leaving a consensus rating of Hold with a consensus price target of GBX 659.40 and individual targets ranging from GBX 507 to GBX 750.
• The company shows weak profitability and some leverage: market cap £1.22 billion, PE -6.90, net margin -3.86%, ROE -9.35% and debt‑to‑equity of 59.00.

Travis Perkins plc (LON:TPK - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 625.99 and traded as low as GBX 571.50. Travis Perkins shares last traded at GBX 575, with a volume of 478,464 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TPK. Berenberg Bank reissued a "hold" rating and issued a GBX 620 price target on shares of Travis Perkins in a research note on Friday, March 27th. Citigroup increased their price target on shares of Travis Perkins from GBX 700 to GBX 750 and gave the company a "buy" rating in a research note on Monday, January 26th. JPMorgan Chase & Co. dropped their price target on shares of Travis Perkins from GBX 712 to GBX 680 and set an "overweight" rating for the company in a research note on Tuesday, March 24th. Finally, Jefferies Financial Group dropped their price target on shares of Travis Perkins from GBX 531 to GBX 507 and set an "underperform" rating for the company in a research note on Thursday, March 19th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 659.40.

Travis Perkins Price Performance

The company has a debt-to-equity ratio of 59.00, a quick ratio of 0.84 and a current ratio of 1.72. The stock has a market cap of £1.22 billion, a PE ratio of -6.90, a PEG ratio of 6.44 and a beta of 1.34. The stock's 50-day moving average is GBX 621.45 and its two-hundred day moving average is GBX 625.99.

Travis Perkins (LON:TPK - Get Free Report) last posted its quarterly earnings data on Tuesday, March 17th. The company reported GBX 30.80 earnings per share for the quarter. Travis Perkins had a negative net margin of 3.86% and a negative return on equity of 9.35%. On average, equities analysts predict that Travis Perkins plc will post 59.251837 earnings per share for the current year.

Insider Buying and Selling at Travis Perkins

In related news, insider Duncan Cooper sold 6,591 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of GBX 564, for a total transaction of £37,173.24. Insiders own 0.78% of the company's stock.

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. In addition, the company provides in specialist civils and drainage solutions; and air-conditioning and refrigeration products and heat pumps. Further, it provides insulation and interior building products to interior building specialists, contractors, and builders; and kitchens and joinery products.

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