Polypipe Group PLC’s “Buy” Rating Reaffirmed at Numis Securities Ltd (PLP)
Polypipe Group PLC (LON:PLP)‘s stock had its “buy” rating reissued by analysts at Numis Securities Ltd in a research report issued to clients and investors on Monday. They currently have a GBX 300 ($5.02) price target on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 27.12% from the stock’s previous close.
A number of other firms have also recently commented on PLP. Analysts at Canaccord Genuity initiated coverage on shares of Polypipe Group PLC in a research note on Wednesday, August 6th. They set a “buy” rating and a GBX 281 ($4.70) 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 (LON:PLP) traded up 2.54% on Monday, hitting GBX 242.00. The stock had a trading volume of 139,810 shares. 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. and a 200-day moving average of GBX 254.8. The company’s market cap is £484.0 million.
The company also recently declared a dividend, which is scheduled for Friday, September 26th. Stockholders of record on Wednesday, August 27th will be paid a dividend of GBX 1.50 ($0.03) per share. This represents a dividend yield of 0.62%. The ex-dividend date is Wednesday, August 27th.
Polypipe Group PLC is engaged in design, develop and manufacture range of plastic piping products in the United Kingdom.
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