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Travis Perkins (LON:TPK) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Travis Perkins logo with Industrials background

Travis Perkins plc (LON:TPK - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TPK. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 1,100 ($14.28) target price on shares of Travis Perkins in a research note 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 research note on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Travis Perkins to a "buy" rating and decreased their target price for the stock from GBX 1,100 ($14.28) to GBX 910 ($11.82) in a research note on Thursday, August 1st.

Read Our Latest Stock Report on TPK

Travis Perkins Trading Down 1.0 %

The stock has a market cap of £1.94 billion, a PE ratio of -11,525.00, a price-to-earnings-growth ratio of 6.44 and a beta of 1.52. The company has a debt-to-equity ratio of 52.98, a quick ratio of 0.84 and a current ratio of 1.65. The company's 50-day moving average price is GBX 905.01 and its 200 day moving average price is GBX 846.61.

Travis Perkins Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 3rd will be issued 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 (DPR) is presently -13,750.00%.

Travis Perkins Company Profile

(Get Free Report)

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.

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