Brokerages Set Polypipe Group PLC (LON:PLP) PT at GBX 501

Shares of Polypipe Group PLC (LON:PLP) have been given a consensus rating of “Hold” by the six brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 484.50 ($5.96).

Several research firms have commented on PLP. Peel Hunt reaffirmed a “hold” rating on shares of Polypipe Group in a report on Tuesday, July 7th. Jefferies Financial Group cut their price target on Polypipe Group from GBX 576 ($7.09) to GBX 519 ($6.39) and set a “buy” rating for the company in a report on Tuesday, July 21st. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 484 ($5.96) price target (down previously from GBX 550 ($6.77)) on shares of Polypipe Group in a report on Wednesday. Shore Capital reaffirmed an “under review” rating on shares of Polypipe Group in a report on Tuesday, July 7th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 480 ($5.91) price objective on shares of Polypipe Group in a research note on Wednesday, June 17th.

Polypipe Group stock opened at GBX 405 ($4.98) on Tuesday. The business has a 50 day moving average price of GBX 431.15 and a two-hundred day moving average price of GBX 476.65. The company has a quick ratio of 0.78, a current ratio of 1.37 and a debt-to-equity ratio of 58.94. The stock has a market cap of $923.26 million and a price-to-earnings ratio of 16.46. Polypipe Group has a 12 month low of GBX 4.28 ($0.05) and a 12 month high of GBX 620 ($7.63).

Polypipe Group Company Profile

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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Analyst Recommendations for Polypipe Group (LON:PLP)

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