Polypipe Group PLC Stock Rating Reaffirmed by Canaccord Genuity (PLP)
Polypipe Group PLC (LON:PLP)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Monday. They currently have a GBX 281 ($4.70) target price on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 19.07% from the company’s current price.
Polypipe Group PLC (LON:PLP) opened at 245.25 on Monday. Polypipe Group PLC has a one year low of GBX 155.05 and a one year high of GBX 273.50. The stock has a 50-day moving average of GBX 246.7 and a 200-day moving average of GBX 254.9. The company’s market cap is £490.5 million.
PLP has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Polypipe Group PLC in a research note on Monday. They now have a GBX 300 ($5.02) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Polypipe Group PLC in a research note on Thursday, July 24th. They now have a GBX 277 ($4.63) price target on the stock. Finally, analysts at Beaufort Securities initiated coverage on shares of Polypipe Group PLC in a research note on Wednesday, July 9th. They set a “hold” rating on the stock.
Polypipe Group PLC is engaged in design, develop and manufacture range of plastic piping products in the United Kingdom.
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