Topps Tiles (LON:TPT) Receives Hold Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their hold rating on shares of Topps Tiles (LON:TPT) in a report published on Monday, Marketbeat Ratings reports. The firm currently has a GBX 42 ($0.54) price target on the stock.

Topps Tiles Price Performance

Shares of LON:TPT opened at GBX 40.10 ($0.51) on Monday. The company has a debt-to-equity ratio of 358.12, a current ratio of 0.98 and a quick ratio of 0.37. Topps Tiles has a 12 month low of GBX 38 ($0.49) and a 12 month high of GBX 57.80 ($0.74). The firm has a market capitalization of £78.86 million, a P/E ratio of 2,005.00 and a beta of 1.38. The company’s fifty day moving average price is GBX 42.45 and its 200 day moving average price is GBX 43.99.

Topps Tiles Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 6th will be paid a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date is Thursday, June 6th. This represents a yield of 2.77%. Topps Tiles’s dividend payout ratio is presently 20,000.00%.

Topps Tiles Company Profile

Topps Tiles Plc engages in the retail and wholesale distribution of ceramic and porcelain tiles, natural stone, and related products for residential and commercial markets in the United Kingdom. The company engages in the property management and investment activities; retail and wholesale of wood flooring products; provision of warehousing services; and sale and distribution of architectural ceramic.