Travis Perkins (LON:TPK) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Travis Perkins plc (LON:TPK - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 604.42 and traded as high as GBX 617. Travis Perkins shares last traded at GBX 609.50, with a volume of 6,364,175 shares changing hands.Get Travis Perkins alerts:Wall Street Analysts Forecast GrowthSeveral equities analysts have recently weighed in on TPK shares. JPMorgan Chase & Co. lifted their price objective on Travis Perkins from GBX 670 to GBX 720 and gave the company an "overweight" rating in a research note on Wednesday, December 3rd. Berenberg Bank reaffirmed a "hold" rating and set a GBX 650 price target on shares of Travis Perkins in a research report on Monday, September 8th. Jefferies Financial Group decreased their price target on shares of Travis Perkins from GBX 605 to GBX 594 and set a "hold" rating for the company in a research report on Monday, October 20th. Finally, Peel Hunt reissued a "buy" rating and issued a GBX 740 price objective on shares of Travis Perkins in a research report on Thursday, October 16th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 676.Read Our Latest Analysis on TPKTravis Perkins Stock Up 0.2%The company has a market capitalization of £1.29 billion, a price-to-earnings ratio of -23.09, a P/E/G ratio of 6.44 and a beta of 1.52. The company has a quick ratio of 0.84, a current ratio of 1.65 and a debt-to-equity ratio of 48.33. The firm has a 50 day moving average price of GBX 619.98 and a two-hundred day moving average price of GBX 604.42. Travis Perkins Company Profile (Get Free Report)Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline products, as well as supplies managed services, and commercial and industrial heating and cooling solutions.Read MoreFive stocks we like better than Travis PerkinsRide Out The Recession With These Dividend Kings Market Momentum: 3 Stocks Poised for Major BreakoutsDifferences Between Momentum Investing and Long Term Investing 3 Reasons Casey’s General Stores Will Continue Trending HigherGolden Cross Stocks: Pattern, Examples and Charts Golden Cross Alert: 3 Stocks With Major Upside PotentialThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Travis Perkins Right Now?Before you consider Travis Perkins, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Travis Perkins wasn't on the list.While Travis Perkins currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here