Investment analysts at Deutsche Bank assumed coverage on shares of Polypipe Group (LON:PLP) in a report issued on Wednesday, ThisIsMoney.Co.Uk reports. The firm set a “hold” rating and a GBX 445 ($5.81) price target on the stock. Deutsche Bank’s price target would suggest a potential upside of 13.12% from the stock’s previous close.
Other analysts also recently issued reports about the company. Peel Hunt reaffirmed an “add” rating and issued a GBX 455 ($5.95) target price on shares of Polypipe Group in a research note on Monday. Peel Hunt reaffirmed an “add” rating and issued a GBX 455 ($5.95) target price on shares of Polypipe Group in a research note on Tuesday. Jefferies Financial Group downgraded Polypipe Group to a “hold” rating in a research note on Tuesday, June 25th. Shore Capital reissued a “buy” rating on shares of Polypipe Group in a research report on Thursday, May 23rd. Finally, Numis Securities reissued an “add” rating on shares of Polypipe Group in a research report on Thursday, May 16th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 457 ($5.97).
Shares of PLP opened at GBX 393.40 ($5.14) on Wednesday. Polypipe Group has a 52-week low of GBX 305.40 ($3.99) and a 52-week high of GBX 459.60 ($6.01). The firm has a market cap of $793.18 million and a P/E ratio of 16.12. The business has a fifty day moving average of GBX 420.69. The company has a quick ratio of 0.72, a current ratio of 1.30 and a debt-to-equity ratio of 63.83.
Polypipe Group Company Profile
Polypipe Group plc, through its subsidiaries, designs, develops, and manufactures plastic piping systems, water management solutions, and climate management solutions in the United Kingdom, other European countries, and internationally. The company offers above and below ground drainage pipes; cable protection, sewer system, surface water drainage, water management, and mining pipes; water and gas distribution pipes; pressure systems; underfloor heating pipes and manifolds, underfloor heating controls, red floor panels, overlay systems, suspended floor systems, clip rail systems, and staple systems; and ventilation systems, including rigid ducts, radial products, decentralized mechanical extract ventilation, intermittent extract fans, mechanical ventilation with heat recovery, and mechanical extract ventilation systems.
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