Topps Tiles (LON:TPT) Shares Up 8% – What’s Next?

Topps Tiles Plc (LON:TPT) shares rose 8% on Monday . The company traded as high as GBX 43.96 and last traded at GBX 43.20. Approximately 719,743 shares changed hands during trading, an increase of 105% from the average daily volume of 350,657 shares. The stock had previously closed at GBX 40.

Analysts Set New Price Targets

Separately, Peel Hunt reiterated a “buy” rating on shares of Topps Tiles in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 51.33.

Topps Tiles Price Performance

The business’s 50-day simple moving average is GBX 37.09 and its 200 day simple moving average is GBX 37.02. The company has a market capitalization of £82.38 million, a P/E ratio of -8.53 and a beta of 1.45. The company has a current ratio of 1.04, a quick ratio of 0.37 and a debt-to-equity ratio of 1,807.72.

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.