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

Peel Hunt reissued their add rating on shares of Polypipe Group (LON:PLP) in a report released on Tuesday, LSE.Co.UK reports. The firm currently has a GBX 455 ($5.95) price objective on the stock.

PLP has been the topic of several other research reports. Shore Capital reiterated a buy rating on shares of Polypipe Group in a research note on Wednesday, September 18th. Jefferies Financial Group downgraded Polypipe Group to a hold rating in a research note on Tuesday, June 25th. Deutsche Bank initiated coverage on Polypipe Group in a research note on Wednesday, August 14th. They issued a hold rating and a GBX 445 ($5.81) price objective on the stock. Finally, Peel Hunt reiterated an add rating and issued a GBX 455 ($5.95) price objective on shares of Polypipe Group in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 457 ($5.97).

Polypipe Group stock opened at GBX 409.80 ($5.35) 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 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’s 50 day simple moving average is GBX 393.13 and its 200 day simple moving average is GBX 415.18. The company has a market cap of $819.58 million and a price-to-earnings ratio of 16.59.

The firm also recently announced a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 29th were issued a dividend of GBX 4 ($0.05) per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a yield of 1%. Polypipe Group’s payout ratio is 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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