Could Topps Tiles Plc Crash Even More? The Stock Just Made 52-Week Low

 Could Topps Tiles Plc Crash Even More? The Stock Just Made 52 Week Low

The stock of Topps Tiles Plc (LON:TPT) hit a new 52-week low and has GBX 73.13 target or 10.00% below today’s GBX 81.25 share price. The 9 months bearish chart indicates high risk for the GBX 150.33M company. The 1-year low was reported on Nov, 16 by Barchart.com. If the GBX 73.13 price target is reached, the company will be worth GBX 15.03 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 3.85% or GBX 3.25 on November 16, hitting GBX 81.25. About 315,055 shares traded hands. Topps Tiles Plc (LON:TPT) has declined 38.88% since April 18, 2016 and is downtrending. It has underperformed by 43.57% the S&P500.

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. Topps Tiles PLC has been the topic of 45 analyst reports since August 21, 2015 according to StockzIntelligence Inc. Peel Hunt maintained the stock with “Buy” rating in Wednesday, July 6 report. As per Tuesday, April 26, the company rating was maintained by Cantor Fitzgerald. The rating was maintained by Liberum Capital on Wednesday, January 6 with “Buy”. As per Wednesday, September 30, the company rating was maintained by Liberum Capital. The rating was maintained by Liberum Capital with “Buy” on Thursday, October 29. Liberum Capital maintained Topps Tiles Plc (LON:TPT) on Thursday, September 3 with “Buy” rating. The firm earned “Hold” rating on Wednesday, January 6 by Cantor Fitzgerald. The firm has “Buy” rating by Peel Hunt given on Wednesday, April 6. The firm earned “Buy” rating on Tuesday, November 17 by Liberum Capital. Peel Hunt maintained the stock with “Buy” rating in Wednesday, January 6 report.

More important recent Topps Tiles Plc (LON:TPT) news were published by: Uk.Finance.Yahoo.com which released: “Topps Tiles plc (TPT.L)” on March 29, 2014, also Fool.Co.Uk published article titled: “Should you buy Topps Tiles plc, EKF Diagnostics Holding plc and Low & Bonar …”, Fool.Co.Uk published: “Will Tesco plc, Topps Tiles plc & Safestyle UK plc beat the FTSE 100 this year?” on May 13, 2016. More interesting news about Topps Tiles Plc (LON:TPT) was released by: Fool.Co.Uk and their article: “Should You Buy Persimmon plc, Topps Tiles Plc Or Galliford Try plc For Housing …” with publication date: January 07, 2015.

Topps Tiles PLC is a United Kingdom retailer of tiles. The company has a market cap of 150.33 million GBP. The Company’s business focuses on wood flooring, and supplies tiles and associated accessories for refurbishment of domestic housing. It has a 11.25 P/E ratio. The Company’s principal activity includes the retail distribution of ceramic and porcelain tiles, natural stone, wood flooring and related products.

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