Topps Tiles (LON:TPT) Given Buy Rating at Peel Hunt

Peel Hunt reissued their buy rating on shares of Topps Tiles (LON:TPT – Get Rating) in a research note issued to investors on Tuesday, Marketbeat.com reports. The firm currently has a GBX 70 ($0.87) price target on the stock.

Topps Tiles Price Performance

Shares of TPT opened at GBX 53 ($0.66) on Tuesday. The business’s 50-day moving average is GBX 48.90 and its 200-day moving average is GBX 47.60. The company has a debt-to-equity ratio of 354.33, a current ratio of 0.98 and a quick ratio of 0.37. Topps Tiles has a fifty-two week low of GBX 37 ($0.46) and a fifty-two week high of GBX 55.80 ($0.69). The company has a market capitalization of £104.24 million, a price-to-earnings ratio of 1,060.00 and a beta of 1.40.

Topps Tiles Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 8th will be issued a dividend of GBX 1.20 ($0.01) per share. This represents a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, June 8th. Topps Tiles’s dividend payout ratio is currently 8,000.00%.

Topps Tiles Company Profile

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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 offers bathroom, kitchen, outdoor, floor, wall, and mosaic tiles; adhesives, tile backer boards, primers, grouts, silicones, trims, doorbars, under floor heating products, insulating boards, thermostats, wet room trays, wall panels, construction boards, grates, and drainage products; cleaning and maintenance, matting, leveling, and waterproofing and tanking products; and tools and accessories.