Canaccord Genuity Cuts Topps Tiles Plc (LON:TPT) Price Target to GBX 84

Topps Tiles Plc (LON:TPT) had its price target reduced by research analysts at Canaccord Genuity from GBX 93 ($1.21) to GBX 84 ($1.09) in a report released on Wednesday, July 5th. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity’s price objective points to a potential upside of 2.13% from the stock’s current price.

Several other brokerages also recently weighed in on TPT. Peel Hunt reiterated a “buy” rating and issued a GBX 140 ($1.82) price objective on shares of Topps Tiles Plc in a research report on Tuesday, May 23rd. Liberum Capital reissued a “buy” rating and set a GBX 110 ($1.43) target price on shares of Topps Tiles Plc in a research note on Tuesday, May 23rd.

Shares of Topps Tiles Plc (LON TPT) traded down 1.20% during midday trading on Wednesday, hitting GBX 82.25. 87,058 shares of the company were exchanged. Topps Tiles Plc has a one year low of GBX 79.25 and a one year high of GBX 124.00. The stock’s market cap is GBX 158.14 million. The stock’s 50-day moving average is GBX 83.36 and its 200-day moving average is GBX 89.35.

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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.

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