Travis Perkins (OTCMKTS:TPRKY) Shares Gap Up - Time to Buy?

Key Points

• Gapped up: Travis Perkins opened at $7.66 versus a prior close of $7.40 (last trade $7.66), up about 3.5% on a volume of 350 shares ahead of trading.
• Analyst views are mixed — Citigroup reiterated a "buy" and Barclays an "overweight" while Deutsche Bank downgraded the stock to "sell," leaving an average rating of Hold (2 Buys, 1 Sell).
• The shares trade below both the 50‑day ($8.46) and 200‑day ($8.39) moving averages; Travis Perkins is a leading UK supplier of building materials and home‑improvement products.

Travis Perkins PLC (OTCMKTS:TPRKY - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $7.40, but opened at $7.66. Travis Perkins shares last traded at $7.66, with a volume of 350 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup reissued a "buy" rating on shares of Travis Perkins in a report on Monday, January 26th. Barclays reissued an "overweight" rating on shares of Travis Perkins in a report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Travis Perkins from a "buy" rating to a "sell" rating in a research report on Thursday, December 11th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold".

Travis Perkins Trading Up 3.5%

The company's 50-day moving average price is $8.46 and its two-hundred day moving average price is $8.39.

Travis Perkins Company Profile

Travis Perkins plc, trading over the counter as TPRKY, is a leading supplier of building materials and home improvement products in the United Kingdom. The company serves professional builders, contractors and do-it-yourself customers through an extensive network of branch outlets and online channels. Its core offerings span timber and joinery, bricks and blocks, roofing materials, landscaping products, and a wide range of plumbing and heating supplies.

In addition to traditional builders' merchant services, Travis Perkins has expanded its portfolio to include tool hire, safety equipment and specialist services such as plant and tool servicing.

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