Shares of Polypipe Group PLC (LON:PLP) have received an average recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 458.50 ($6.13).
PLP has been the topic of several analyst reports. Peel Hunt upgraded shares of Polypipe Group to a “buy” rating and set a GBX 465 ($6.22) price target on the stock in a research note on Wednesday, December 6th. Jefferies Group restated a “buy” rating and issued a GBX 490 ($6.55) price target on shares of Polypipe Group in a research note on Tuesday, September 19th. Deutsche Bank restated a “buy” rating on shares of Polypipe Group in a research note on Monday, November 27th. Numis Securities restated an “add” rating and issued a GBX 450 ($6.02) price target on shares of Polypipe Group in a research note on Tuesday, November 14th. Finally, restated an “add” rating and issued a GBX 450 ($6.02) price target on shares of Polypipe Group in a research note on Tuesday, November 14th.
Shares of Polypipe Group (PLP) opened at GBX 393.44 ($5.26) on Wednesday. Polypipe Group has a 12 month low of GBX 315 ($4.21) and a 12 month high of GBX 439.50 ($5.88). The company has a market cap of $785.19 and a P/E ratio of 1,710.61.
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Polypipe Group 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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