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

Travis Perkins PLC (OTCMKTS:TPRKY) gapped down prior to trading on Monday . The stock had previously closed at $8.29, but opened at $7.81. Travis Perkins shares last traded at $7.81, with a volume of 201 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Jefferies Financial Group cut shares of Travis Perkins from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, December 3rd. Citigroup reaffirmed a “buy” rating on shares of Travis Perkins in a research note on Monday, January 26th. Barclays reaffirmed an “overweight” rating on shares of Travis Perkins in a report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Travis Perkins from a “buy” rating to a “sell” rating in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Travis Perkins Price Performance

The company has a 50-day moving average price of $8.97 and a 200-day moving average price of $8.43. The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15.

About Travis Perkins

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.