Topps Tiles’ (TPT) “Buy” Rating Reiterated at Peel Hunt

Topps Tiles (LON:TPT)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a research report issued on Wednesday, December 20th. They currently have a GBX 100 ($1.36) price target on the stock. Peel Hunt’s target price would suggest a potential upside of 13.51% from the company’s current price.

Several other research analysts also recently weighed in on TPT. Liberum Capital reiterated a “buy” rating and issued a GBX 100 ($1.36) price target on shares of Topps Tiles in a research report on Tuesday, November 28th. Canaccord Genuity upgraded shares of Topps Tiles to a “buy” rating and increased their price target for the stock from GBX 78 ($1.06) to GBX 81 ($1.10) in a research report on Wednesday, November 29th.

Topps Tiles (LON:TPT) traded down GBX 0.40 ($0.01) during trading hours on Wednesday, hitting GBX 88.10 ($1.19). 186,566 shares of the stock were exchanged, compared to its average volume of 342,063. Topps Tiles has a 1 year low of GBX 60 ($0.81) and a 1 year high of GBX 107 ($1.45). The stock has a market capitalization of $171.45 and a PE ratio of 1,258.57.

In related news, insider Matthew Williams bought 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was bought at an average cost 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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