Topps Tiles (LON:TPT) Shares Up 7.4% – What’s Next?

Shares of Topps Tiles Plc (LON:TPT) rose 7.4% during trading on Monday . The company traded as high as GBX 40.88 and last traded at GBX 40.56. Approximately 432,559 shares changed hands during mid-day trading, an increase of 16% from the average daily volume of 373,025 shares. The stock had previously closed at GBX 37.75.

Analysts Set New Price Targets

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

Topps Tiles Stock Performance

The company has a current ratio of 0.97, a quick ratio of 0.37 and a debt-to-equity ratio of 1,433.83. The company’s 50-day moving average is GBX 42.41 and its two-hundred day moving average is GBX 40.05. The stock has a market capitalization of £79.17 million, a P/E ratio of 13.40 and a beta of 0.83.

Topps Tiles (LON:TPT) last announced its quarterly earnings results on Thursday, December 18th. The company reported GBX 3.43 EPS for the quarter. Topps Tiles had a net margin of 2.02% and a return on equity of 99.37%. As a group, sell-side analysts anticipate that Topps Tiles Plc 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.