Travis Perkins (OTCMKTS:TPRKY) Stock Price Down 7.2% – Here’s Why

Travis Perkins PLC (OTCMKTS:TPRKY) shares fell 7.2% during trading on Thursday . The stock traded as low as $8.14 and last traded at $8.15. 1,803 shares were traded during mid-day trading, a decline of 71% from the average session volume of 6,274 shares. The stock had previously closed at $8.78.

Analysts Set New Price Targets

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

Travis Perkins Price Performance

The firm’s 50 day moving average price is $8.03 and its 200-day moving average price is $7.83.

Travis Perkins Company Profile

Travis Perkins plc, trading over the counter as TPRKY, is a leading supplier of building materials and home improvement products in the United Kingdom. The company serves professional builders, contractors and do-it-yourself customers through an extensive network of branch outlets and online channels. Its core offerings span timber and joinery, bricks and blocks, roofing materials, landscaping products, and a wide range of plumbing and heating supplies.

In addition to traditional builders’ merchant services, Travis Perkins has expanded its portfolio to include tool hire, safety equipment and specialist services such as plant and tool servicing.