Travis Perkins (LON:TPK) Shares Cross Above 200-Day Moving Average – Time to Sell?

Travis Perkins plc (LON:TPK) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 846.61 ($10.99) and traded as high as GBX 934 ($12.13). Travis Perkins shares last traded at GBX 931 ($12.09), with a volume of 638,967 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on TPK. Deutsche Bank Aktiengesellschaft upgraded shares of Travis Perkins to a “buy” rating and cut their price objective for the company from GBX 1,100 ($14.28) to GBX 910 ($11.82) in a report on Thursday, August 1st. Berenberg Bank restated a “hold” rating and set a GBX 800 ($10.39) price objective on shares of Travis Perkins in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,100 ($14.28) price objective on shares of Travis Perkins in a report on Friday, August 30th.

Travis Perkins Trading Up 1.0 %

The stock has a 50-day moving average of GBX 905.01 and a 200 day moving average of GBX 846.61. The stock has a market cap of £1.96 billion, a PE ratio of -11,637.50, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 52.98.

Travis Perkins Announces Dividend

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