Polypipe Group PLC (PLP) Receives “Buy” Rating from Deutsche Bank AG
Deutsche Bank AG reiterated their buy rating on shares of Polypipe Group PLC (LON:PLP) in a research note issued to investors on Thursday. Deutsche Bank AG currently has a GBX 361 ($4.47) price target on the stock.
Several other analysts have also recently commented on PLP. Jefferies Group decreased their price objective on shares of Polypipe Group PLC from GBX 350 ($4.33) to GBX 240 ($2.97) and set a hold rating for the company in a research note on Wednesday, June 29th. Peel Hunt restated a hold rating and set a GBX 350 ($4.33) price objective on shares of Polypipe Group PLC in a research note on Monday, August 15th. Numis Securities Ltd restated a buy rating and set a GBX 370 ($4.58) price objective on shares of Polypipe Group PLC in a research note on Tuesday, August 16th. Finally, Berenberg Bank decreased their price objective on shares of Polypipe Group PLC from GBX 395 ($4.89) to GBX 360 ($4.46) and set a buy rating for the company in a research note on Wednesday, August 17th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Polypipe Group PLC presently has a consensus rating of Buy and an average price target of GBX 336.20 ($4.16).
Polypipe Group PLC (LON:PLP) traded down 0.37% during trading on Thursday, reaching GBX 266.50. 133,764 shares of the company traded hands. The company’s market capitalization is GBX 531.06 million. Polypipe Group PLC has a 52 week low of GBX 217.00 and a 52 week high of GBX 360.00. The firm has a 50-day moving average price of GBX 283.32 and a 200-day moving average price of GBX 285.10.
The firm also recently announced a dividend, which was paid on Friday, September 23rd. Stockholders of record on Thursday, August 25th were issued a dividend of GBX 3.10 ($0.04) per share. This represents a dividend yield of 1.11%. The ex-dividend date was Thursday, August 25th.
In other Polypipe Group PLC news, insider Marsh,Ron bought 75,000 shares of the company’s stock in a transaction dated Monday, September 19th. The stock was acquired at an average price of GBX 279 ($3.45) per share, with a total value of £209,250 ($258,972.77).
About Polypipe Group PLC
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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