Marsh,Ron Purchases 75,000 Shares of Polypipe Group PLC (PLP) Stock
Polypipe Group PLC (LON:PLP) insider Marsh,Ron acquired 75,000 shares of the business’s stock in a transaction dated Monday, September 19th. The stock was purchased at an average price of GBX 279 ($3.64) per share, with a total value of £209,250 ($273,136.67).
Polypipe Group PLC (LON:PLP) opened at 276.80 on Wednesday. The firm’s market capitalization is GBX 551.59 million. Polypipe Group PLC has a 12 month low of GBX 217.00 and a 12 month high of GBX 362.75. The firm has a 50-day moving average price of GBX 277.18 and a 200 day moving average price of GBX 290.17.
The company also recently announced a dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, August 25th will be paid a GBX 3.10 ($0.04) dividend. The ex-dividend date is Thursday, August 25th. This represents a dividend yield of 1.11%.
Several equities research analysts have recently commented on PLP shares. Deutsche Bank AG reaffirmed a “buy” rating on shares of Polypipe Group PLC in a report on Wednesday, September 7th. Berenberg Bank dropped their price target on Polypipe Group PLC from GBX 395 ($5.16) to GBX 360 ($4.70) and set a “buy” rating on the stock in a research report on Wednesday, August 17th. Numis Securities Ltd reissued a “buy” rating and set a GBX 370 ($4.83) price target on shares of Polypipe Group PLC in a research report on Tuesday, August 16th. Peel Hunt reissued a “hold” rating and set a GBX 350 ($4.57) price target on shares of Polypipe Group PLC in a research report on Monday, August 15th. Finally, Jefferies Group dropped their price target on Polypipe Group PLC from GBX 350 ($4.57) to GBX 240 ($3.13) and set a “hold” rating on the stock in a research report on Wednesday, June 29th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 336.20 ($4.39).
About Polypipe Group PLC
Polypipe Group plc is a United Kingdom-based manufacturer of plastic piping systems for the residential, commercial, civils and infrastructure sectors. The Company primarily targets the United Kingdom, French and Irish building and construction markets with a presence in Italy and the Middle East and sales to specific niches in the rest of the world.
Receive News & Ratings for Polypipe Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polypipe Group PLC and related companies with MarketBeat.com's FREE daily email newsletter.