Topps Tiles (LON:TPT) Sets New 1-Year High – What’s Next?

Shares of Topps Tiles Plc (LON:TPT) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 46.20 and last traded at GBX 45, with a volume of 157195 shares changing hands. The stock had previously closed at GBX 44.70.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reissued a “buy” rating on shares of Topps Tiles in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 70.

Topps Tiles Stock Up 4.8%

The company’s 50-day moving average is GBX 38.41 and its 200 day moving average is GBX 37.38. The company has a market capitalization of £98.31 million, a PE ratio of 16.61 and a beta of 1.45. The company has a debt-to-equity ratio of 1,807.72, a quick ratio of 0.37 and a current ratio of 1.04.

About Topps Tiles

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.