Topps Tiles’ (TPT) “Hold” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their hold rating on shares of Topps Tiles (LON:TPT) in a research report report published on Monday, MarketBeat reports. They currently have a GBX 42 ($0.54) price objective on the stock.

Topps Tiles Stock Down 1.8 %

TPT stock opened at GBX 39 ($0.50) on Monday. The company has a market cap of £76.70 million, a price-to-earnings ratio of 1,950.00 and a beta of 1.38. The company has a debt-to-equity ratio of 358.12, a quick ratio of 0.37 and a current ratio of 0.98. The business’s 50-day moving average is GBX 42.54 and its two-hundred day moving average is GBX 44.03. Topps Tiles has a fifty-two week low of GBX 38 ($0.49) and a fifty-two week high of GBX 57.80 ($0.74).

Topps Tiles Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 6th will be paid a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a dividend yield of 2.77%. Topps Tiles’s dividend payout ratio (DPR) is presently 20,000.00%.

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.