Topps Tiles Plc (TPT) Reaches New 1-Year Low on Analyst Downgrade
Shares of Topps Tiles Plc (LON:TPT) hit a new 52-week low during mid-day trading on Wednesday after Peel Hunt lowered their price target on the stock from GBX 125 to GBX 100. Peel Hunt currently has a buy rating on the stock. Topps Tiles Plc traded as low as GBX 67.25 ($0.89) and last traded at GBX 73 ($0.97), with a volume of 263,209 shares trading hands. The stock had previously closed at GBX 74.75 ($0.99).
TPT has been the topic of a number of other reports. Berenberg Bank cut their price objective on Topps Tiles Plc from GBX 90 ($1.19) to GBX 80 ($1.06) and set a “hold” rating on the stock in a report on Tuesday, August 1st. Liberum Capital decreased their target price on Topps Tiles Plc from GBX 110 ($1.46) to GBX 105 ($1.39) and set a “buy” rating for the company in a report on Wednesday, July 5th. Finally, Canaccord Genuity decreased their target price on Topps Tiles Plc from GBX 93 ($1.23) to GBX 84 ($1.11) and set a “hold” rating for the company in a report on Wednesday, July 5th.
The firm’s market capitalization is GBX 140.35 million. The stock has a 50 day moving average of GBX 81.83 and a 200-day moving average of GBX 88.43.
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.
Receive News & Stock Ratings for Topps Tiles Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Topps Tiles Plc and related stocks with our FREE daily email newsletter.