Peel Hunt Reaffirms “Add” Rating for Polypipe Group (LON:PLP)

Peel Hunt reaffirmed their add rating on shares of Polypipe Group (LON:PLP) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also commented on PLP. Jefferies Financial Group lowered Polypipe Group to a hold rating in a report on Tuesday, June 25th. Peel Hunt reiterated an add rating and set a GBX 455 ($5.95) price target on shares of Polypipe Group in a report on Tuesday, August 13th. Deutsche Bank started coverage on Polypipe Group in a report on Wednesday, August 14th. They set a hold rating and a GBX 445 ($5.81) price target for the company. Shore Capital reiterated a buy rating on shares of Polypipe Group in a report on Thursday, May 23rd. Finally, Numis Securities reiterated an add rating on shares of Polypipe Group in a report on Thursday, May 16th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Polypipe Group presently has a consensus rating of Hold and a consensus price target of GBX 457 ($5.97).

Shares of PLP stock opened at GBX 384.60 ($5.03) on Tuesday. Polypipe Group has a 12 month low of GBX 305.40 ($3.99) and a 12 month high of GBX 459.60 ($6.01). The firm has a market cap of $757.19 million and a PE ratio of 15.57. The stock has a 50 day moving average of GBX 408.52 and a 200-day moving average of GBX 417.01. The company has a quick ratio of 0.94, a current ratio of 1.51 and a debt-to-equity ratio of 68.59.

The firm also recently declared a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be issued a dividend of GBX 4 ($0.05) per share. The ex-dividend date is Thursday, August 29th. This represents a dividend yield of 1%. Polypipe Group’s dividend payout ratio (DPR) is presently 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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Analyst Recommendations for Polypipe Group (LON:PLP)

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