Travis Perkins (OTCMKTS:TPRKY) Shares Gap Down – Should You Sell?

Travis Perkins PLC (OTCMKTS:TPRKY) gapped down before the market opened on Thursday. The stock had previously closed at $7.64, but opened at $7.25. Travis Perkins shares last traded at $7.25, with a volume of 100 shares traded.

Wall Street Analyst Weigh In

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

Travis Perkins Stock Performance

The firm’s 50 day moving average price is $8.31 and its two-hundred day moving average price is $7.69.

About Travis Perkins

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.