Travis Perkins (OTCMKTS:TPRKY) Shares Gap Up – Here’s Why

Travis Perkins PLC (OTCMKTS:TPRKY – Get Free Report) gapped up before the market opened on Wednesday. The stock had previously closed at $7.24, but opened at $7.72. Travis Perkins shares last traded at $7.72, with a volume of 350 shares.

Analysts Set New Price Targets

TPRKY has been the topic of several analyst reports. Barclays lowered shares of Travis Perkins from an “overweight” rating to an “underweight” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Travis Perkins in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

Read Our Latest Report on Travis Perkins

Travis Perkins Price Performance

The firm’s fifty day moving average is $8.25 and its 200-day moving average is $7.68.

Travis Perkins Company Profile

(Get Free Report)

Travis Perkins plc is a United Kingdom-based distributor of building materials and construction supplies. Through its merchanting businesses, the company serves professional builders, contractors, tradespeople, housebuilders, and other customers involved in residential, commercial, and infrastructure construction.

The company supplies a broad range of products, including timber, bricks, blocks, insulation, plumbing and heating equipment, tools, workwear, kitchens, bathrooms, and landscaping materials.

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