Travis Perkins (OTCMKTS:TPRKY) Share Price Breaks Below 200 Day Moving Average – Should You Sell?

Travis Perkins PLC (OTCMKTS:TPRKY)’s stock price crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $7.97 and traded as low as $7.96. Travis Perkins shares last traded at $7.96, with a volume of 401 shares traded.

Wall Street Analyst Weigh In

TPRKY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Travis Perkins in a research note on Wednesday, August 5th. Barclays downgraded shares of Travis Perkins from an “overweight” rating to an “underweight” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Travis Perkins Price Performance

The firm’s 50 day simple moving average is $8.04 and its 200 day simple moving average is $7.97.

Travis Perkins Company Profile

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

Its operations include general and specialist merchanting, supplying products such as timber, bricks, insulation, tools, hardware, civils materials, and plumbing and heating equipment.