Topps Tiles (LON:TPT) Receives "Buy" Rating from Peel Hunt

Key Points

• Topps Tiles has received a "buy" rating from Peel Hunt, with a price target of GBX 70, indicating a potential upside of 82.05% from its previous close.
• On Wednesday, Topps Tiles shares rose by GBX 3.35, reaching GBX 38.45, with a notable trading volume of 1,153,701 shares compared to its average of 280,324.
• The company focuses on retail and wholesale distribution of ceramic and porcelain tiles, along with other flooring and architectural products in the UK market.

Topps Tiles (LON:TPT - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at Peel Hunt in a research note issued on Wednesday,Digital Look reports. They presently have a GBX 70 price target on the stock. Peel Hunt's price target would suggest a potential upside of 82.05% from the company's previous close.

Topps Tiles Price Performance

Shares of LON TPT traded up GBX 3.35 during mid-day trading on Wednesday, hitting GBX 38.45. 1,153,701 shares of the company's stock traded hands, compared to its average volume of 280,324. The company has a debt-to-equity ratio of 1,807.72, a current ratio of 1.04 and a quick ratio of 0.37. The company has a market capitalization of £75.60 million, a P/E ratio of -783.10 and a beta of 1.45. The company's 50-day moving average is GBX 36.50 and its two-hundred day moving average is GBX 35.39. Topps Tiles has a 1 year low of GBX 28.05 and a 1 year high of GBX 45.

Topps Tiles Company Profile

Topps Tiles Plc engages in the retail and wholesale distribution of ceramic and porcelain tiles, natural stone, and related products for residential and commercial markets in the United Kingdom. The company engages in the property management and investment activities; retail and wholesale of wood flooring products; provision of warehousing services; and sale and distribution of architectural ceramic.

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