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

Shares of Travis Perkins PLC (OTCMKTS:TPRKY) gapped up prior to trading on Monday. The stock had previously closed at $7.93, but opened at $8.33. Travis Perkins shares last traded at $8.35, with a volume of 2,979 shares.

Analyst Ratings Changes

A number of brokerages recently commented on TPRKY. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Travis Perkins in a research report on Wednesday, August 5th. Barclays cut Travis Perkins from an “overweight” rating to an “underweight” rating in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Travis Perkins Stock Up 3.8%

The business’s 50 day moving average price is $8.24 and its 200-day moving average price is $7.70.

About Travis Perkins

Travis Perkins plc is a United Kingdom-based distributor of building materials, construction supplies and home-improvement products. The company serves professional tradespeople, builders, contractors and other customers through a network of branches, specialist businesses and digital channels.

Its operations include general builders’ merchandising under the Travis Perkins brand, plumbing and heating supplies through City Plumbing, and specialist products for insulation, dry lining, civils, infrastructure and commercial construction through businesses such as CCF, Keyline and BSS.