You searched for deliveroo – Page 5 of 5

Travis Perkins share price has been in a strong bearish trend in the past few months. The TPK stock has crashed by almost 50% this year and by over 57% from the highest level in 2021. Its market cap has crashed to over 1.76 billion pounds. Focus now shifts to the upcoming financial results. Is TPK a good buy? Travis Perkins is a leading British retailer that focuses on building materials and tools. The firm operates through several brands, including its eponymous brand, CCF, ToolStation, BSS, and Keyline. It has over 700 branches and over 8,600 employees in the UK and several countries like France, Belgium, and the Netherlands. Travis Perkis share price has been in a bearish trend in the past few months for several reasons. For one, the rising inflation has pushed more people to lower their spending. This also explains why other British retailers like Boohoo, Tesco, and Ocado. At the same time, the falling British pound has made it more expensive for the company to import goods. Travis Perkins had a strong performance in 2022. Its revenue rose to over £2.2 billion in the first half of 2021 to over £2.53 billion. In the same period, its same-store sales rose by 7.9% after rising by 44.1% in the previous year. Its total profit after tax rose from £100 million to £106 million. The next key catalyst for the Travis Perkins share price will be the upcoming earnings that are scheduled for Thursday. Analysts expect that the company’s revenue will rise to £5 billion in 2022 and over £5.047 billion in 2023. They are also optimistic about the stock. Those at JP Morgan believe that the stock will rise to 900p while Berenberg expect it to rise to 910p. Travis Perkins share price forecast The daily chart shows that the TPK share price has crawled back in the past few days. It has managed to move above the 25-day and 50-day volume-weighted moving averages. This price is at the middle line of the descending channel that is shown in green. The Relative Strength Index (RSI) has moved above the neutral level. Therefore, the stock will likely continue rising as bulls target the next key resistance level at 880p. A drop below 760p will invalidate the bullish view.

Broker	Rating	Action
		Visit
		Visit
		Visit
		Visit

deliveroo

Travis Perkins Share Price is Down 50% in 2022. Is it a Buy?

THG Share Price is Oversold. Is The Hut Group a Buy?

Royal Mail Share Price Forecast: Rebound Can’t Be Ruled Out

Flutter Share Price Popped After Earnings. What Next?

The Ocado Share Price Slumps As M&S Earnings Disappoint

Is the Rio Tinto Share Price a Bargain Ahead of Earnings?

ROO Share Price Struggles to Deliver as Virus Fades

Abrdn Share Price Has Lagged Peers – Is it a Buy or Sell?

FTSE 100 Index Forecast Ahead of Wise Public Debut (IPO)

Dow Jones Futures Retreat As Traders Looking for Fresh Catalyst

Subscribe to our newsletter