Travis Perkins (OTCMKTS:TPRKY) Trading 6% Higher - Should You Buy?

Key Points

• Shares rose 6% to $7.8460 on Wednesday but on light volume (2,197 shares vs. an average of 8,166), suggesting the move occurred on thin trading.
• The stock is trading below its key technical levels, with a 50-day SMA of $8.46 and a 200-day SMA of $8.39—both above the current price.
• Analysts are split: two firms rate the stock a Buy and one a Sell (Deutsche Bank cut to Sell while Citigroup and Barclays reaffirmed Buy/Overweight), leaving MarketBeat's average rating at "Hold".

Travis Perkins PLC (OTCMKTS:TPRKY - Get Free Report)'s share price traded up 6% on Wednesday . The company traded as high as $7.8460 and last traded at $7.8460. 2,197 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 8,166 shares. The stock had previously closed at $7.40.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of Travis Perkins from a "buy" rating to a "sell" rating in a research note on Thursday, December 11th. Citigroup reaffirmed a "buy" rating on shares of Travis Perkins in a research note on Monday, January 26th. Finally, Barclays reaffirmed an "overweight" rating on shares of Travis Perkins in a research note on Monday, February 23rd. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Travis Perkins currently has an average rating of "Hold".

Travis Perkins Price Performance

The firm's 50-day simple moving average is $8.46 and its 200-day simple moving average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.