Travis Perkins (OTCMKTS:TPRKY) Shares Gap Up – Still a Buy?

Travis Perkins PLC (OTCMKTS:TPRKY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $7.78, but opened at $8.00. Travis Perkins shares last traded at $7.98, with a volume of 400 shares traded.

Wall Street Analysts Forecast Growth

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

Travis Perkins Price Performance

The company has a 50 day moving average of $8.11 and a 200 day moving average of $7.75.

Travis Perkins Company Profile

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.