Travis Perkins (LON:TPK) Share Price Crosses Above Two Hundred Day Moving Average of $822.60

Travis Perkins plc (LON:TPK)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 822.60 ($11.01) and traded as high as GBX 929 ($12.44). Travis Perkins shares last traded at GBX 925 ($12.39), with a volume of 526,261 shares traded.

Analyst Ratings Changes

A number of brokerages have recently commented on TPK. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 800 ($10.71) target price on shares of Travis Perkins in a report on Friday, August 9th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 1,100 ($14.73) price objective on shares of Travis Perkins in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded Travis Perkins to a “buy” rating and lowered their target price for the company from GBX 1,100 ($14.73) to GBX 910 ($12.19) in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Travis Perkins presently has an average rating of “Hold” and a consensus target price of GBX 940 ($12.59).

Travis Perkins Stock Up 1.1 %

The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 52.98. The stock has a market capitalization of £1.97 billion, a PE ratio of -11,693.75, a PEG ratio of 6.44 and a beta of 1.52. The firm’s fifty day moving average is GBX 909.56 and its 200-day moving average is GBX 824.04.

Travis Perkins Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be paid a GBX 5.50 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a dividend yield of 0.62%. Travis Perkins’s dividend payout ratio (DPR) is presently -13,750.00%.

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.