Polypipe Group PLC (PLP) Rating Reiterated by Numis Securities Ltd
Polypipe Group PLC (LON:PLP)‘s stock had its “buy” rating reissued by investment analysts at Numis Securities Ltd in a report issued on Tuesday. They presently have a GBX 330 ($4.12) price objective on the stock. Numis Securities Ltd’s target price suggests a potential upside of 10.85% from the stock’s current price.
PLP has been the topic of a number of other research reports. Deutsche Bank AG dropped their price objective on Polypipe Group PLC from GBX 382 ($4.77) to GBX 361 ($4.51) and set a “buy” rating on the stock in a report on Tuesday, July 26th. Peel Hunt reissued a “hold” rating and set a GBX 350 ($4.37) price objective on shares of Polypipe Group PLC in a report on Tuesday, October 18th. Finally, Berenberg Bank dropped their price objective on Polypipe Group PLC from GBX 395 ($4.94) to GBX 360 ($4.50) and set a “buy” rating on the stock in a report on Wednesday, August 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 328.20 ($4.10).
Polypipe Group PLC (LON:PLP) opened at 298.72 on Tuesday. The firm’s market capitalization is GBX 595.27 million. The company has a 50 day moving average price of GBX 267.82 and a 200-day moving average price of GBX 276.85. Polypipe Group PLC has a 1-year low of GBX 217.00 and a 1-year high of GBX 360.00.
In other Polypipe Group PLC news, insider Marsh,Ron purchased 75,000 shares of the stock in a transaction on Monday, September 19th. The shares were purchased at an average price of GBX 279 ($3.49) per share, with a total value of £209,250 ($261,431.78).
Polypipe Group PLC 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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