Travis Perkins (TVPKF) Stock Rating Lowered by Zacks Investment Research

Travis Perkins (NASDAQ:TVPKF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday.

According to Zacks, “Travis Perkins plc is engaged in supplying building materials to the UK’s building and construction industry. The company offers building materials that include aggregates, sand, and cement; bricks, blocks, lintels, and damp proofing; drains and foundations; dry lining and plastering products; and insulation, roofing, and sustainable products. It also involves in the sale of timber, building materials, and plumbing and heating products, as well as hiring of tools. Travis also provides clothing and personal protective equipment; decorative products; electrical products; kitchens and bathrooms; and landscaping, plumbing and heating, timber, joinery, sheet material, tools, fixings, and consumable products, as well as involves in property management. Travis Perkins plc is based in Northampton, the United Kingdom. “

Shares of Travis Perkins (NASDAQ:TVPKF) opened at 17.95 on Friday. Travis Perkins has a one year low of $17.60 and a one year high of $25.15. The stock has a 50 day moving average price of $17.71 and a 200-day moving average price of $18.75. The company has a market capitalization of $4.48 billion and a price-to-earnings ratio of 294.26.

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