Topps Tiles (TPT) Stock Rating Reaffirmed by Liberum Capital

Liberum Capital restated their buy rating on shares of Topps Tiles (LON:TPT) in a report issued on Tuesday. They currently have a GBX 100 ($1.36) price target on the stock.

Other research analysts have also recently issued reports about the company. Peel Hunt reissued a buy rating and issued a GBX 100 ($1.36) price target on shares of Topps Tiles in a report on Friday, January 5th. Canaccord Genuity raised Topps Tiles to a buy rating and boosted their price target for the stock from GBX 78 ($1.06) to GBX 81 ($1.10) in a report on Wednesday, November 29th.

Topps Tiles (TPT) traded up GBX 1.30 ($0.02) during midday trading on Tuesday, reaching GBX 88.50 ($1.20). The company had a trading volume of 288,703 shares, compared to its average volume of 342,063. Topps Tiles has a one year low of GBX 60 ($0.81) and a one year high of GBX 107 ($1.45). The stock has a market cap of $171.45 and a PE ratio of 1,264.29.

The company also recently disclosed a dividend, which will be paid on Friday, February 2nd. Shareholders of record on Thursday, December 21st will be paid a GBX 2.30 ($0.03) dividend. This is an increase from Topps Tiles’s previous dividend of $1.10. The ex-dividend date is Thursday, December 21st. This represents a yield of 3.06%.

In other news, insider Matthew Williams acquired 300,000 shares of Topps Tiles stock in a transaction on Tuesday, November 28th. The shares were acquired at an average price of GBX 64 ($0.87) per share, with a total value of £192,000 ($260,374.29).

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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.

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