Polypipe Group (LON:PLP) Given “Add” Rating at Peel Hunt
Peel Hunt reiterated their add rating on shares of Polypipe Group (LON:PLP) in a research note released on Tuesday, ThisIsMoney.Co.Uk reports.
PLP has been the subject of several other research reports. Berenberg Bank set a €670.00 ($779.07) price target on Adyen and gave the company a neutral rating in a report on Friday, March 22nd. Shore Capital reiterated a buy rating on shares of Polypipe Group in a report on Thursday, May 23rd. Numis Securities reiterated a buy rating on shares of 3i Group in a report on Thursday, May 16th. Finally, Jefferies Financial Group upgraded SALVATORE FERRA/ADR from an underperform rating to a hold rating in a report on Tuesday, June 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of GBX 462.50 ($6.04).
LON PLP opened at GBX 424.40 ($5.55) on Tuesday. The stock has a market cap of $848.78 million and a PE ratio of 17.39. The company’s 50 day moving average price is GBX 435. The company has a debt-to-equity ratio of 63.83, a current ratio of 1.30 and a quick ratio of 0.72. Polypipe Group has a 1-year low of GBX 305.40 ($3.99) and a 1-year high of GBX 451.80 ($5.90).
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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