Travis Perkins (LON:TPK) Shares Cross Above 200-Day Moving Average of $806.79

Travis Perkins plc (LON:TPK)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 806.79 ($10.61) and traded as high as GBX 874 ($11.49). Travis Perkins shares last traded at GBX 850 ($11.18), with a volume of 296,227 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TPK. Berenberg Bank reiterated a “hold” rating and set a GBX 800 ($10.52) target price on shares of Travis Perkins in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Travis Perkins to a “buy” rating and decreased their price target for the company from GBX 1,100 ($14.46) to GBX 910 ($11.97) in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 1,100 ($14.46) price objective on shares of Travis Perkins in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 940 ($12.36).

Travis Perkins Stock Down 2.8 %

The company has a current ratio of 1.65, a quick ratio of 0.84 and a debt-to-equity ratio of 52.98. The stock’s 50-day moving average is GBX 887.98 and its 200-day moving average is GBX 806.79. The company has a market cap of £1.79 billion, a price-to-earnings ratio of -10,625.00, a P/E/G ratio of 6.44 and a beta of 1.52.

Travis Perkins Announces Dividend

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

About Travis Perkins

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.