Travis Perkins (LON:TPK) Stock Price Passes Above Two Hundred Day Moving Average of $761.98

Travis Perkins plc (LON:TPK)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 761.98 ($9.57) and traded as high as GBX 796 ($10.00). Travis Perkins shares last traded at GBX 785 ($9.86), with a volume of 264,786 shares trading hands.

Analysts Set New Price Targets

A number of research firms have issued reports on TPK. Royal Bank of Canada reduced their target price on shares of Travis Perkins from GBX 1,025 ($12.88) to GBX 950 ($11.93) and set an “outperform” rating on the stock in a report on Tuesday, March 12th. Berenberg Bank decreased their target price on shares of Travis Perkins from GBX 880 ($11.05) to GBX 800 ($10.05) and set a “buy” rating on the stock in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Travis Perkins presently has a consensus rating of “Hold” and a consensus target price of GBX 863 ($10.84).

Travis Perkins Stock Performance

The company’s fifty day moving average price is GBX 730.94 and its two-hundred day moving average price is GBX 762.03. The company has a debt-to-equity ratio of 51.63, a quick ratio of 0.84 and a current ratio of 1.69. The firm has a market capitalization of £1.66 billion, a PE ratio of 4,361.11, a price-to-earnings-growth ratio of 6.44 and a beta of 1.49.

Travis Perkins Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, March 28th will be paid a dividend of GBX 5.50 ($0.07) per share. This represents a yield of 0.74%. The ex-dividend date is Thursday, March 28th. Travis Perkins’s dividend payout ratio is currently 10,000.00%.

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.