Topps Tiles Plc Downgraded to “Hold” at Oriel Securities Ltd (TPT)
Topps Tiles Plc (LON:TPT) was downgraded by equities researchers at Oriel Securities Ltd to a “hold” rating in a research report issued on Tuesday. They currently have a GBX 120 ($2.04) price objective on the stock. Oriel Securities Ltd’s price target suggests a potential upside of 1.91% from the company’s current price.
Shares of Topps Tiles Plc (LON:TPT) traded down 7.86% on Tuesday, hitting GBX 108.50. The stock had a trading volume of 256,112 shares. Topps Tiles Plc has a one year low of GBX 69.00 and a one year high of GBX 156.00. The stock has a 50-day moving average of GBX 123.2 and a 200-day moving average of GBX 131.8. The company’s market cap is £208.5 million.
The company also recently announced a dividend, which is scheduled for Tuesday, July 15th. Investors of record on Wednesday, June 11th will be paid a dividend of GBX 0.65 ($0.01) per share. This represents a dividend yield of 0.54%. The ex-dividend date is Wednesday, June 11th.
TPT has been the subject of a number of other recent research reports. Analysts at Goldman Sachs reiterated a “conviction-buy” rating on shares of Topps Tiles Plc in a research note on Monday, April 14th. They now have a GBX 225 ($3.82) price target on the stock. Separately, analysts at Cantor Fitzgerald Europe raised their price target on shares of Topps Tiles Plc from GBX 135 ($2.29) to GBX 145 ($2.46) in a research note on Tuesday, March 25th. They now have a “hold” rating on the stock. Finally, analysts at N+1 Singer reiterated a “hold” rating on shares of Topps Tiles Plc in a research note on Tuesday, March 25th. They now have a GBX 150 ($2.55) price target on the stock. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 144.17 ($2.45).
Topps Tiles PLC is engaged in the retail distribution of ceramic and porcelain tiles, natural stone, wood flooring and related products.
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