Canaccord Genuity Group Issues Pessimistic Forecast for Topps Tiles (LON:TPT) Stock Price

Topps Tiles (LON:TPT) had its price objective dropped by analysts at Canaccord Genuity Group from GBX 46 to GBX 33 in a report released on Friday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential downside of 1.49% from the stock’s previous close.

Topps Tiles Stock Performance

Shares of Topps Tiles stock opened at GBX 33.50 on Friday. The business has a 50 day moving average price of GBX 35.81 and a 200-day moving average price of GBX 39.92. The company has a market cap of £65.75 million, a PE ratio of 11.13 and a beta of 0.89. The company has a quick ratio of 0.37, a current ratio of 1.01 and a debt-to-equity ratio of 2,650.70. Topps Tiles has a 52 week low of GBX 30.21 and a 52 week high of GBX 50.

Topps Tiles (LON:TPT) last announced its earnings results on Tuesday, May 19th. The company reported GBX 0.17 EPS for the quarter. The company had revenue of £142.60 million during the quarter. Topps Tiles had a net margin of 1.74% and a return on equity of 89.58%. Equities analysts anticipate that Topps Tiles will post 4.0687161 earnings per share for the current fiscal year.

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 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.