Peel Hunt Reiterates Buy Rating for Topps Tiles (TPT)

Topps Tiles (LON:TPT)‘s stock had its “buy” rating reissued by Peel Hunt in a note issued to investors on Friday. They presently have a GBX 100 ($1.34) price objective on the stock. Peel Hunt’s price target points to a potential upside of 25.00% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Canaccord Genuity raised Topps Tiles to a “buy” rating and upped their price objective for the stock from GBX 78 ($1.04) to GBX 81 ($1.08) in a report on Wednesday, November 29th. Liberum Capital reaffirmed a “buy” rating and set a GBX 100 ($1.34) price objective on shares of Topps Tiles in a report on Tuesday, November 28th.

Shares of Topps Tiles (LON TPT) traded up GBX 1.10 ($0.01) during mid-day trading on Friday, reaching GBX 80 ($1.07). The company had a trading volume of 86,792 shares, compared to its average volume of 315,864. Topps Tiles has a 52-week low of GBX 60 ($0.80) and a 52-week high of GBX 107 ($1.43). The firm has a market capitalization of $154.23 and a price-to-earnings ratio of 1,142.86.

In other Topps Tiles news, insider Matthew Williams acquired 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were purchased at an average price of GBX 64 ($0.86) per share, with a total value of £192,000 ($256,718.81).

TRADEMARK VIOLATION WARNING: “Peel Hunt Reiterates Buy Rating for Topps Tiles (TPT)” was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/07/peel-hunt-reiterates-buy-rating-for-topps-tiles-tpt.html.

Topps Tiles Company Profile

Topps Tiles Plc is a United Kingdom-based retailer of tiles. The Company is engaged in the retail distribution of ceramic and porcelain tiles, natural stone, and related products. It operates in the Topps Tiles stores and online business segment. It supplies tiles and associated products to both trade and retail customer base, primarily for the refurbishment of the United Kingdom domestic housing.

Receive News & Ratings for Topps Tiles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Topps Tiles and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply