Canaccord Genuity Group Issues Pessimistic Forecast for Topps Tiles (LON:TPT) Stock Price

Topps Tiles (LON:TPT) had its price target decreased by research analysts at Canaccord Genuity Group from GBX 46 to GBX 33 in a research note issued on Friday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential downside of 1.49% from the stock’s previous close.

Topps Tiles Price Performance

Shares of LON:TPT opened at GBX 33.50 on Friday. The company has a 50 day moving average of GBX 35.81 and a 200 day moving average of GBX 39.92. The stock has a market cap of £65.75 million, a P/E ratio of 11.13 and a beta of 0.89. Topps Tiles has a 12 month low of GBX 30.21 and a 12 month high of GBX 50. The company has a current ratio of 1.01, a quick ratio of 0.37 and a debt-to-equity ratio of 2,650.70.

Topps Tiles (LON:TPT) last posted its earnings results on Tuesday, May 19th. The company reported GBX 0.17 EPS for the quarter. Topps Tiles had a return on equity of 89.58% and a net margin of 1.74%.The business had revenue of £142.60 million during the quarter. As a group, sell-side analysts forecast that Topps Tiles will post 4.0687161 EPS for the current fiscal year.

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. It also sells its products online. The company was founded in 1963 and is headquartered in Leicester, the United Kingdom.