Polypipe Group PLC (PLP) Receives Consensus Recommendation of “Buy” from Analysts
Polypipe Group PLC (LON:PLP) has been assigned a consensus recommendation of “Buy” from the five analysts that are currently covering the firm. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 387.50 ($5.04).
Several equities research analysts have recently commented on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 360 ($4.68) price objective on shares of Polypipe Group PLC in a report on Tuesday, April 25th. Jefferies Group LLC raised Polypipe Group PLC to a “buy” rating and increased their price objective for the company from GBX 350 ($4.55) to GBX 410 ($5.33) in a report on Friday, March 31st. Numis Securities Ltd increased their price objective on Polypipe Group PLC from GBX 375 ($4.88) to GBX 405 ($5.27) and gave the company an “add” rating in a report on Thursday, March 30th. Deutsche Bank AG reissued a “buy” rating on shares of Polypipe Group PLC in a report on Thursday, February 16th. Finally, Peel Hunt increased their price objective on Polypipe Group PLC from GBX 350 ($4.55) to GBX 375 ($4.88) and gave the company an “add” rating in a report on Thursday, February 9th.
Shares of Polypipe Group PLC (LON:PLP) traded down 0.76% during trading on Friday, reaching GBX 417.90. 334,069 shares of the company traded hands. Polypipe Group PLC has a 12 month low of GBX 217.00 and a 12 month high of GBX 439.50. The stock’s 50 day moving average price is GBX 403.91 and its 200-day moving average price is GBX 345.68. The stock’s market cap is GBX 828.63 million.
The firm also recently declared a dividend, which will be paid on Friday, June 2nd. Investors of record on Thursday, April 27th will be paid a GBX 7 ($0.09) dividend. This represents a yield of 1.88%. The ex-dividend date of this dividend is Thursday, April 27th. This is a boost from Polypipe Group PLC’s previous dividend of $3.10.
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Polypipe Group PLC Company Profile
Polypipe Group plc is a United Kingdom-based manufacturer of plastic piping systems for the residential, commercial, civil and infrastructure sectors. The Company’s segments include Residential Piping Systems, Commercial and Infrastructure Piping Systems (UK), and Commercial and Infrastructure (Mainland Europe).
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