Topps Tiles (LON:TPT) Shares Up 8% – Here’s What Happened

Shares of Topps Tiles Plc (LON:TPT) rose 8% during trading 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.

Analyst Ratings Changes

Separately, Peel Hunt restated a “buy” rating and issued a GBX 70 target price on shares of Topps Tiles in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 51.33.

Topps Tiles Stock Performance

The company has a debt-to-equity ratio of 1,807.72, a current ratio of 1.04 and a quick ratio of 0.37. The company has a 50 day moving average of GBX 36.76 and a two-hundred day moving average of GBX 36.88. The company has a market capitalization of £84.94 million, a PE ratio of -8.80 and a beta of 1.45.

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.