Deutsche Bank Reaffirms “Buy” Rating for Polypipe Group (PLP)

Deutsche Bank restated their buy rating on shares of Polypipe Group (LON:PLP) in a research report sent to investors on Monday. The firm currently has a GBX 455 ($6.17) price target on the stock.

A number of other analysts have also weighed in on the company. Peel Hunt upgraded Polypipe Group to a buy rating and set a GBX 465 ($6.31) target price for the company in a report on Wednesday, December 6th. Jefferies Group restated a buy rating and set a GBX 490 ($6.64) target price on shares of Polypipe Group in a report on Tuesday, September 19th. Numis Securities restated an add rating and set a GBX 450 ($6.10) target price on shares of Polypipe Group in a report on Tuesday, November 14th. restated an add rating and set a GBX 450 ($6.10) target price on shares of Polypipe Group in a report on Tuesday, November 14th. Finally, Barclays initiated coverage on Polypipe Group in a report on Monday, November 27th. They set an overweight rating and a GBX 426 ($5.78) target price for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Polypipe Group has a consensus rating of Buy and a consensus target price of GBX 458 ($6.21).

Shares of Polypipe Group (LON:PLP) opened at GBX 410.60 ($5.57) on Monday. The firm has a market capitalization of $821.03 and a price-to-earnings ratio of 1,785.22. Polypipe Group has a twelve month low of GBX 327.70 ($4.44) and a twelve month high of GBX 439.50 ($5.96).

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About Polypipe Group

Polypipe Group plc is a United Kingdom-based manufacturer of plastic piping systems for the residential, commercial, civil and infrastructure sectors. The Company’s segments include Residential Piping Systems, Commercial and Infrastructure Piping Systems (UK), and Commercial and Infrastructure (Mainland Europe).

Analyst Recommendations for Polypipe Group (LON:PLP)

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