Topps Tiles (LON:TPT) Stock Price Up 8% – Here’s Why

Topps Tiles Plc (LON:TPT)’s share price shot up 8% on Monday . The stock traded as high as GBX 43.96 and last traded at GBX 43.20. 719,743 shares were traded during trading, an increase of 105% from the average session volume of 350,657 shares. The stock had previously closed at GBX 40.

Analysts Set New Price Targets

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 70 price objective on shares of Topps Tiles in a research report on Wednesday, October 1st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 51.33.

Topps Tiles Stock Up 8.0%

The firm has a 50-day simple moving average of GBX 36.76 and a 200 day simple moving average of GBX 36.88. The stock has a market capitalization of £84.94 million, a P/E ratio of -8.80 and a beta of 1.45. The company has a debt-to-equity ratio of 1,807.72, a current ratio of 1.04 and a quick ratio of 0.37.

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.