Polypipe Group (LON:PLP) Earns “Add” Rating from Peel Hunt

Peel Hunt restated their add rating on shares of Polypipe Group (LON:PLP) in a research report report published on Tuesday, Digital Look reports. They currently have a GBX 455 ($5.95) target price on the stock.

Other equities analysts have also recently issued research reports about the company. Jefferies Financial Group cut Polypipe Group to a hold rating in a research note on Tuesday, June 25th. Peel Hunt reissued an add rating and issued a GBX 455 ($5.95) price target on shares of Polypipe Group in a research note on Tuesday, August 13th. Deutsche Bank began coverage on Polypipe Group in a research note on Wednesday, August 14th. They issued a hold rating and a GBX 445 ($5.81) price target on the stock. Finally, Shore Capital reissued a buy rating on shares of Polypipe Group in a research note on Wednesday, September 18th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of GBX 457 ($5.97).

LON:PLP traded up GBX 10.60 ($0.14) during mid-day trading on Tuesday, reaching GBX 409.80 ($5.35). 156,767 shares of the stock were exchanged, compared to its average volume of 499,664. The business has a fifty day moving average price of GBX 393.04 and a 200 day moving average price of GBX 415.16. The firm has a market capitalization of $811.58 million and a PE ratio of 16.59. Polypipe Group has a 1-year low of GBX 305.40 ($3.99) and a 1-year high of GBX 459.60 ($6.01). The company has a current ratio of 1.51, a quick ratio of 0.94 and a debt-to-equity ratio of 68.59.

The business also recently declared a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 29th were paid a GBX 4 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a yield of 1%. Polypipe Group’s dividend payout ratio is currently 0.49%.

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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