Topps Tiles (TPT) Given Buy Rating at Liberum Capital

Topps Tiles (LON:TPT)‘s stock had its “buy” rating reiterated by investment analysts at Liberum Capital in a research note issued on Tuesday, January 9th. They presently have a GBX 100 ($1.36) price target on the stock. Liberum Capital’s target price suggests a potential upside of 10.86% from the company’s current price.

Several other analysts have also issued reports on the stock. Peel Hunt restated a “buy” rating and set a GBX 100 ($1.36) target price on shares of Topps Tiles in a research report on Friday, January 5th. Canaccord Genuity upgraded shares of Topps Tiles to a “buy” rating and upped their price target for the stock from GBX 78 ($1.06) to GBX 81 ($1.10) in a research report on Wednesday, November 29th.

Shares of Topps Tiles (LON:TPT) traded up GBX 0.20 ($0.00) during midday trading on Tuesday, reaching GBX 90.20 ($1.22). 233,796 shares of the company traded hands, compared to its average volume of 178,741. The company has a market capitalization of $174.15 and a price-to-earnings ratio of 1,288.57. Topps Tiles has a 12 month low of GBX 60 ($0.81) and a 12 month high of GBX 107 ($1.45).

In related news, insider Matthew Williams bought 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was purchased at an average price of GBX 64 ($0.87) per share, for a total transaction 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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