Stock Rating Runner: Topps Tiles PLC (LON:TPT) Buy Rating Reaffirmed by Peel Hunt; The TP is GBX 150.00

November 29, 2016 - By Ruchi Gupta

Topps Tiles PLC (LON:TPT) Rating

The financial firm have set price target of GBX 150.00 on Topps Tiles PLC (LON:TPT) shares. This is 69.24% from the stock close price. In analysts note revealed on Tuesday morning, Peel Hunt reaffirmed their Buy rating on shares of TPT.

Topps Tiles Plc (LON:TPT) Ratings Coverage

Out of 4 analysts covering Topps Tiles PLC (LON:TPT), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. GBX 190 is the highest target while GBX 115 is the lowest. The GBX 130 average target is 43.35% above today’s (GBX 90.69) stock price. Topps Tiles PLC has been the topic of 48 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, January 15 by Berenberg. The rating was maintained by Liberum Capital with “Buy” on Monday, September 14. The rating was maintained by Liberum Capital with “Buy” on Monday, November 2. As per Wednesday, January 6, the company rating was maintained by Liberum Capital. As per Tuesday, December 1, the company rating was maintained by Peel Hunt. The stock of Topps Tiles Plc (LON:TPT) earned “Hold” rating by Berenberg on Tuesday, August 9. Cantor Fitzgerald downgraded the shares of TPT in a report on Wednesday, September 30 to “Hold” rating. Liberum Capital maintained the stock with “Buy” rating in Monday, October 12 report. As per Wednesday, October 5, the company rating was maintained by Peel Hunt. The firm has “Buy” rating given on Tuesday, November 29 by Peel Hunt.

About 292,853 shares traded hands or 14.21% up from the average. Topps Tiles Plc (LON:TPT) has declined 36.95% since April 29, 2016 and is downtrending. It has underperformed by 42.21% the S&P500.

Topps Tiles PLC is a United Kingdom retailer of tiles. The company has a market cap of 174.24 million GBP. The Company’s business focuses on wood flooring, and supplies tiles and associated accessories for refurbishment of domestic housing. It has a 12.56 P/E ratio. The Company’s principal activity includes the retail distribution of ceramic and porcelain tiles, natural stone, wood flooring and related products.

TPT Company Profile

Teck Resources Limited, incorporated on January 1, 2008, is engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s activities are organized into business units focused on copper, coal, zinc and energy. The Firm operates through five divisions: steelmaking coal, copper, zinc, energy and corporate. Through its interests in mining and processing activities in Canada, the United States, Chile and Peru, the Company exports seaborne steelmaking coal and produces mined zinc. The Firm also produces lead, molybdenum, silver, and various specialty and other metals, chemicals and fertilizers. In addition, the Company owns interest in the Fort Hills oil sands project and interests in other assets in the Athabasca region of Alberta. The Firm also explores for copper, zinc and gold. The Firm drilled various porphyry copper projects in Canada, Chile and Peru. The corporate segment includes all of the Company’s initiatives in other commodities, its corporate growth activities and groups that provide administrative, technical, financial and other support to all of the Company’s business units.

More news for Topps Tiles Plc (LON:TPT) were recently published by: Uk.Finance.Yahoo.com, which released: “Topps Tiles plc (TPT.L)” on March 29, 2014. Fool.Co.Uk‘s article titled: “Should you buy Topps Tiles plc, EKF Diagnostics Holding plc and Low & Bonar …” and published on July 06, 2016 is yet another important article.

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