Topps Tiles (TPT) Earns “Buy” Rating from Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Topps Tiles (LON:TPT) in a research report released on Tuesday morning. The brokerage currently has a GBX 100 ($1.36) price target on the stock.

TPT has been the subject of several other research reports. Peel Hunt reissued a buy rating and issued a GBX 100 ($1.36) price objective on shares of Topps Tiles in a research report on Tuesday, December 5th. Canaccord Genuity raised shares of Topps Tiles to a buy rating and increased their price objective 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) opened at GBX 90.50 ($1.23) on Tuesday. Topps Tiles has a 52-week low of GBX 60 ($0.81) and a 52-week high of GBX 107 ($1.45). The stock has a market cap of $174.73 and a price-to-earnings ratio of 1,292.86.

The company also recently declared a dividend, which will be paid on Friday, February 2nd. Investors of record on Thursday, December 21st will be issued a dividend of GBX 2.30 ($0.03) per share. This represents a yield of 3.06%. This is a positive change from Topps Tiles’s previous dividend of $1.10. The ex-dividend date of this dividend is Thursday, December 21st.

In other news, insider Matthew Williams purchased 300,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was acquired at an average cost of GBX 64 ($0.87) per share, with a total value 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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