Topps Tiles (LON:TPT) Price Target Lowered to GBX 85 at Liberum Capital

Topps Tiles (LON:TPT) had its price target cut by Liberum Capital from GBX 95 ($1.24) to GBX 85 ($1.11) in a research report report published on Tuesday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.

Other research analysts have also issued reports about the stock. Peel Hunt reaffirmed a buy rating on shares of Topps Tiles in a report on Tuesday, November 5th. Peel Hunt reaffirmed a buy rating and issued a GBX 100 ($1.31) price target on shares of Topps Tiles in a report on Wednesday, October 2nd.

LON TPT opened at GBX 69.40 ($0.91) on Tuesday. Topps Tiles has a one year low of GBX 57.32 ($0.75) and a one year high of GBX 85 ($1.11). The company has a 50-day simple moving average of GBX 70.80 and a 200-day simple moving average of GBX 69.04. The company has a debt-to-equity ratio of 113.84, a quick ratio of 0.48 and a current ratio of 1.24. The firm has a market capitalization of $128.08 million and a PE ratio of 16.14.

Topps Tiles (LON:TPT) last posted its quarterly earnings results on Tuesday, November 26th. The company reported GBX 6.61 ($0.09) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 6.40 ($0.08) by GBX 0.21 ($0.00). Equities analysts forecast that Topps Tiles will post 682.0316566 earnings per share for the current year.

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, December 19th will be issued a GBX 2.30 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, December 19th. This is a positive change from Topps Tiles’s previous dividend of $1.10. This represents a dividend yield of 3.19%. Topps Tiles’s payout ratio is 0.70%.

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 homeowners and tile fitters in the United Kingdom. The company offers bathroom, kitchen, floor, wall, and mosaic tiles. It also provides adhesives and grouts; and tools and essentials, such as trims, underfloor heating products, cutters, tools and accessories, cleaning and maintenance products, underfloor heating products, and wet room products.

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