Travis Perkins (OTCMKTS:TPRKY) Shares Up 2.7% - Here's What Happened

Travis Perkins plc (OTCMKTS:TPRKY - Get Free Report) rose 2.7% during trading on Wednesday . The stock traded as high as $7.79 and last traded at $7.72. Approximately 3,080 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 7,610 shares. The stock had previously closed at $7.52.

Analysts Set New Price Targets

Separately, Peel Hunt raised Travis Perkins from a "moderate buy" rating to a "strong-buy" rating in a report on Thursday, April 3rd.

Travis Perkins Price Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.98 and a current ratio of 1.65. The business has a 50 day simple moving average of $7.31 and a 200-day simple moving average of $8.59.

Travis Perkins Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 5th. Investors of record on Wednesday, April 23rd will be issued a $0.1165 dividend. This represents a dividend yield of 2.65%. This is a boost from Travis Perkins's previous dividend of $0.07. The ex-dividend date is Tuesday, April 22nd.

Travis Perkins Company Profile

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.