Polypipe Group PLC (PLP) Given Consensus Recommendation of “Buy” by Analysts
Polypipe Group PLC (LON:PLP) has received a consensus recommendation of “Buy” from the five analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 442.40 ($5.76).
A number of equities research analysts have commented on the company. Numis Securities Ltd reissued an “add” rating and issued a GBX 450 ($5.86) price objective on shares of Polypipe Group PLC in a research note on Tuesday. Peel Hunt reaffirmed an “add” rating and set a GBX 465 ($6.06) target price on shares of Polypipe Group PLC in a research report on Tuesday. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 447 ($5.82) target price on shares of Polypipe Group PLC in a research report on Monday. Jefferies Group LLC boosted their price objective on Polypipe Group PLC from GBX 410 ($5.34) to GBX 490 ($6.38) and gave the stock a “buy” rating in a research report on Monday, June 26th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 360 ($4.69) price objective on shares of Polypipe Group PLC in a research report on Tuesday, April 25th.
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Shares of Polypipe Group PLC (LON PLP) traded down 3.27% during midday trading on Friday, hitting GBX 370.30. 607,620 shares of the stock traded hands. The company’s market capitalization is GBX 734.30 million. The stock has a 50 day moving average of GBX 393.39 and a 200 day moving average of GBX 381.12. Polypipe Group PLC has a 1-year low of GBX 243.90 and a 1-year high of GBX 439.50.
The company also recently disclosed a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be issued a GBX 3.60 ($0.05) dividend. This represents a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, August 24th.
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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