Peel Hunt Reiterates “Buy” Rating for Topps Tiles (TPT)

Topps Tiles (LON:TPT)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a research report issued to clients and investors on Tuesday. They currently have a GBX 100 ($1.35) price target on the stock. Peel Hunt’s price objective points to a potential upside of 21.95% from the stock’s previous close.

Several other equities analysts have also recently weighed in on TPT. Liberum Capital lowered their price target on Topps Tiles from GBX 105 ($1.41) to GBX 100 ($1.35) and set a “buy” rating on the stock in a report on Wednesday, October 4th. Canaccord Genuity raised Topps Tiles to a “buy” rating and increased their price target for the company from GBX 78 ($1.05) to GBX 81 ($1.09) in a report on Wednesday, November 29th.

Shares of Topps Tiles (TPT) opened at GBX 82 ($1.10) on Tuesday. Topps Tiles has a 52 week low of GBX 60 ($0.81) and a 52 week high of GBX 107 ($1.44).

In other news, insider Matthew Williams purchased 300,000 shares of the stock in a transaction dated Tuesday, November 28th. The shares were purchased at an average cost of GBX 64 ($0.86) per share, with a total value of £192,000 ($258,411.84).

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About Topps Tiles

Topps Tiles Plc is a United Kingdom-based retailer of tiles. The Company is engaged in the retail distribution of ceramic and porcelain tiles, natural stone, and related products. It operates in the Topps Tiles stores and online business segment. It supplies tiles and associated products to both trade and retail customer base, primarily for the refurbishment of the United Kingdom domestic housing.

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