Peel Hunt restated their add rating on shares of Polypipe Group (LON:PLP) in a report released on Friday morning, ThisIsMoney.Co.Uk reports.
PLP has been the subject of a number of other research reports. Shore Capital reaffirmed a buy rating on shares of Polypipe Group in a research note on Thursday, May 23rd. Numis Securities lowered shares of Polypipe Group to an add rating and set a GBX 450 ($5.88) target price for the company. in a research note on Tuesday, March 19th. Finally, Berenberg Bank reissued a buy rating on shares of Polypipe Group in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Polypipe Group presently has an average rating of Buy and a consensus price target of GBX 462.50 ($6.04).
Polypipe Group stock opened at GBX 434 ($5.67) on Friday. Polypipe Group has a 52 week low of GBX 305.40 ($3.99) and a 52 week high of GBX 449.80 ($5.88). The company has a debt-to-equity ratio of 63.83, a current ratio of 1.30 and a quick ratio of 0.72. The company has a market capitalization of $864.21 million and a P/E ratio of 17.79.
The business also recently announced a dividend, which was paid on Wednesday, May 29th. Shareholders of record on Thursday, April 18th were paid a dividend of GBX 7.90 ($0.10) per share. The ex-dividend date was Thursday, April 18th. This represents a dividend yield of 1.95%. This is a positive change from Polypipe Group’s previous dividend of $3.70. Polypipe Group’s dividend payout ratio (DPR) is 0.49%.
About Polypipe Group
Polypipe Group plc, through its subsidiaries, designs, develops, and manufactures plastic piping systems, water management solutions, and climate management solutions in the United Kingdom, other European countries, and internationally. The company offers above and below ground drainage pipes; cable protection, sewer system, surface water drainage, water management, and mining pipes; water and gas distribution pipes; pressure systems; underfloor heating pipes and manifolds, underfloor heating controls, red floor panels, overlay systems, suspended floor systems, clip rail systems, and staple systems; and ventilation systems, including rigid ducts, radial products, decentralized mechanical extract ventilation, intermittent extract fans, mechanical ventilation with heat recovery, and mechanical extract ventilation systems.
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