Polypipe Group PLC (PLP) Stock Rating Reaffirmed by Deutsche Bank AG
Polypipe Group PLC (LON:PLP)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank AG in a research report issued on Monday. They presently have a GBX 361 ($4.51) price objective on the stock. Deutsche Bank AG’s price target points to a potential upside of 26.58% from the company’s previous close.
Several other equities research analysts also recently issued reports on the company. Peel Hunt reissued a “hold” rating and issued a GBX 350 ($4.37) price objective on shares of Polypipe Group PLC in a research note on Tuesday, October 18th. Berenberg Bank reduced their price objective on Polypipe Group PLC from GBX 395 ($4.94) to GBX 360 ($4.50) and set a “buy” rating for the company in a research note on Wednesday, August 17th. Finally, Numis Securities Ltd reduced their price objective on Polypipe Group PLC from GBX 370 ($4.62) to GBX 330 ($4.12) and set a “buy” rating for the company in a research note on Wednesday, November 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 328.20 ($4.10).
Polypipe Group PLC (LON:PLP) opened at 285.20 on Monday. The firm’s market capitalization is GBX 568.33 million. Polypipe Group PLC has a 52-week low of GBX 217.00 and a 52-week high of GBX 360.00. The company’s 50-day moving average price is GBX 267.18 and its 200 day moving average price is GBX 276.81.
In other news, insider Marsh,Ron purchased 75,000 shares of the business’s stock in a transaction dated Monday, September 19th. The stock was bought at an average cost of GBX 279 ($3.49) per share, with a total value of £209,250 ($261,431.78).
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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