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

Key Points

• Travis Perkins plc's stock price has recently crossed above its 200-day moving average, reaching GBX 619 ($8.41) during trading, with the last recorded price at GBX 616 ($8.37).
• Wall Street analysts have mixed views on the stock, with Berenberg Bank maintaining a "hold" rating and a price target of GBX 650 ($8.83), while JPMorgan Chase & Co. has an "overweight" rating with a target of GBX 670 ($9.10).
• The company reported a negative return on equity of -0.85% and is expected to have an earnings per share of 59.25 for the current year, highlighting potential concerns about its financial performance.

Travis Perkins plc (LON:TPK - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 600.02 ($8.14) and traded as high as GBX 619 ($8.39). Travis Perkins shares last traded at GBX 616 ($8.35), with a volume of 590,344 shares trading hands.

Wall Street Analysts Forecast Growth

TPK has been the topic of several recent analyst reports. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 670 ($9.09) price objective on shares of Travis Perkins in a report on Wednesday, August 6th. Berenberg Bank reiterated a "hold" rating and set a GBX 650 ($8.81) price objective on shares of Travis Perkins in a report on Thursday, May 1st.

Travis Perkins Price Performance

The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 48.33. The firm has a market cap of £1.29 billion, a P/E ratio of -73.97, a PEG ratio of 6.44 and a beta of 1.52. The company has a fifty day moving average price of GBX 593.32 and a two-hundred day moving average price of GBX 597.45.

Travis Perkins (LON:TPK - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported GBX 13.30 ($0.18) EPS for the quarter. Travis Perkins had a negative return on equity of 0.85% and a negative net margin of 0.37%. Equities analysts anticipate that Travis Perkins plc will post 59.251837 earnings per share 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.