Peel Hunt Cuts Topps Tiles Plc (TPT) Price Target to GBX 125

Topps Tiles Plc (LON:TPT) had its price target decreased by Peel Hunt from GBX 140 ($1.81) to GBX 125 ($1.62) in a research note issued to investors on Wednesday. Peel Hunt currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on the company. Canaccord Genuity cut Topps Tiles Plc to a hold rating and dropped their price objective for the stock from GBX 99 ($1.28) to GBX 93 ($1.20) in a research note on Wednesday, May 24th. Liberum Capital reissued a buy rating and issued a GBX 110 ($1.42) price objective on shares of Topps Tiles Plc in a research note on Tuesday, May 23rd.

Topps Tiles Plc (LON:TPT) opened at 84.75 on Wednesday. The stock has a 50 day moving average price of GBX 89.98 and a 200-day moving average price of GBX 89.84. The stock’s market cap is GBX 162.94 million. Topps Tiles Plc has a 1-year low of GBX 79.50 and a 1-year high of GBX 124.00.

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The company also recently disclosed a dividend, which will be paid on Friday, July 14th. Investors of record on Thursday, June 15th will be paid a GBX 1.10 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, June 15th. This represents a yield of 1.14%.

Topps Tiles Plc 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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