Polypipe Group PLC Price Target Increased to GBX 278 by Analysts at Deutsche Bank (PLP)
Equities researchers at Deutsche Bank hoisted their price target on shares of Polypipe Group PLC (LON:PLP) from GBX 277 ($4.63) to GBX 278 ($4.65) in a research report issued on Tuesday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would indicate a potential upside of 14.88% from the stock’s previous close.
A number of other analysts have also recently weighed in on PLP. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Polypipe Group PLC in a research note on Monday. They now have a GBX 281 ($4.70) price target on the stock. Separately, 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.
Polypipe Group PLC (LON:PLP) traded up 0.81% on Tuesday, hitting GBX 243.96. 48,148 shares of the company’s stock traded hands. 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 £487.9 million.
The company also recently announced 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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