Polypipe Group PLC (LON:PLP) Receives Average Rating of “Buy” from Brokerages
Polypipe Group PLC (LON:PLP) has received a consensus rating of “Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 430 ($5.62).
A number of analysts recently weighed in on PLP shares. Deutsche Bank AG reaffirmed a “buy” rating on shares of Polypipe Group PLC in a report on Monday. Jefferies Group LLC raised shares of Polypipe Group PLC to a “buy” rating and upped their target price for the stock from GBX 350 ($4.57) to GBX 410 ($5.35) in a report on Friday, March 31st. Numis Securities Ltd upped their target price on shares of Polypipe Group PLC from GBX 375 ($4.90) to GBX 405 ($5.29) and gave the stock an “add” rating in a report on Thursday, March 30th. Peel Hunt upped their target price on shares of Polypipe Group PLC from GBX 405 ($5.29) to GBX 465 ($6.07) and gave the stock an “add” rating in a report on Monday, June 19th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 360 ($4.70) target price on shares of Polypipe Group PLC in a report on Tuesday, April 25th.
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Polypipe Group PLC (LON PLP) traded up 0.59% on Monday, reaching GBX 391.70. 126,463 shares of the company’s stock traded hands. The stock’s market cap is GBX 776.68 million. Polypipe Group PLC has a 52-week low of GBX 224.50 and a 52-week high of GBX 439.50. The company’s 50 day moving average is GBX 410.63 and its 200-day moving average is GBX 366.10.
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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