Peel Hunt Reaffirms Buy Rating for Topps Tiles (LON:TPT)

Peel Hunt reaffirmed their buy rating on shares of Topps Tiles (LON:TPT) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.

Separately, Liberum Capital reaffirmed a buy rating and issued a GBX 95 ($1.24) target price on shares of Topps Tiles in a research note on Wednesday, May 29th.

Shares of TPT opened at GBX 68 ($0.89) on Monday. The stock has a market capitalization of $132.55 million and a price-to-earnings ratio of 15.81. The stock has a 50 day moving average price of GBX 71.32. The company has a debt-to-equity ratio of 113.84, a quick ratio of 0.48 and a current ratio of 1.24. Topps Tiles has a 1 year low of GBX 57 ($0.74) and a 1 year high of GBX 85 ($1.11).

The business also recently disclosed a dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 6th will be given a GBX 1.10 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a yield of 1.43%. Topps Tiles’s payout ratio is currently 0.70%.

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 homeowners and tile fitters in the United Kingdom. The company offers bathroom, kitchen, floor, wall, and mosaic tiles. It also provides adhesives and grouts; and tools and essentials, such as trims, underfloor heating products, cutters, tools and accessories, cleaning and maintenance products, underfloor heating products, and wet room products.

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