Polypipe Group (PLP) Stock Rating Upgraded by Peel Hunt
Polypipe Group (LON:PLP) was upgraded by stock analysts at Peel Hunt to a “buy” rating in a report issued on Wednesday. The brokerage presently has a GBX 465 ($6.26) price target on the stock. Peel Hunt’s target price suggests a potential upside of 25.05% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. Jefferies Group restated a “buy” rating and set a GBX 490 ($6.59) price objective on shares of Polypipe Group in a research note on Tuesday, September 19th. restated an “add” rating and set a GBX 450 ($6.06) price objective on shares of Polypipe Group in a research note on Tuesday, November 14th. Numis Securities restated an “add” rating and set a GBX 450 ($6.06) price objective on shares of Polypipe Group in a research note on Tuesday, November 14th. Shore Capital restated a “buy” rating on shares of Polypipe Group in a research note on Tuesday, November 14th. Finally, Berenberg Bank raised their price objective on Polypipe Group from GBX 360 ($4.85) to GBX 470 ($6.33) and gave the company a “buy” rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 458 ($6.16).
Polypipe Group (PLP) traded up GBX 2.14 ($0.03) during midday trading on Wednesday, reaching GBX 371.84 ($5.00). 471,153 shares of the company traded hands, compared to its average volume of 366,603. Polypipe Group has a twelve month low of GBX 300 ($4.04) and a twelve month high of GBX 439.50 ($5.92).
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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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