Travis Perkins (LON:TPK) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Travis Perkins plc (LON:TPK)’s share price passed 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.

Analyst Upgrades and Downgrades

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

Travis Perkins Trading Down 4.6 %

The company has a 50 day simple moving average of GBX 905.80 and a 200 day simple moving average of GBX 847.94. 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 has a market capitalization of £1.86 billion, a PE ratio of -11,000.00, a P/E/G ratio of 6.44 and a beta of 1.52.

Travis Perkins Dividend Announcement

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