Travis Perkins (LON:TPK) Share Price Passes Above 200 Day Moving Average of $775.39

Travis Perkins plc (LON:TPK)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 775.39 ($9.84) and traded as high as GBX 784 ($9.95). Travis Perkins shares last traded at GBX 774 ($9.82), with a volume of 500,517 shares traded.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Berenberg Bank lowered their target price on Travis Perkins from GBX 880 ($11.16) to GBX 800 ($10.15) and set a “buy” rating on the stock in a research note on Wednesday, March 6th. Royal Bank of Canada lowered their price target on Travis Perkins from GBX 1,025 ($13.00) to GBX 950 ($12.05) and set an “outperform” rating for the company in a research note on Tuesday, March 12th.

Travis Perkins Price Performance

The company’s 50-day simple moving average is GBX 791.24 and its 200-day simple moving average is GBX 775.39. The stock has a market capitalization of £1.63 billion, a price-to-earnings ratio of 4,300.00, a P/E/G ratio of 6.44 and a beta of 1.47. The company has a debt-to-equity ratio of 51.63, a current ratio of 1.69 and a quick ratio of 0.84.

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.