Polypipe Group PLC (LON:PLP) insider Marsh,Ron purchased 75,000 shares of the stock in a transaction on Monday, September 19th. The stock was acquired 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. The stock has a 50 day moving average price of GBX 277.18 and a 200 day moving average price of GBX 290.17. Polypipe Group PLC has a 1-year low of GBX 217.00 and a 1-year high of GBX 362.75.

The company also recently disclosed a dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, August 25th will be issued a GBX 3.10 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a dividend yield of 1.11%.

Several analysts have commented on PLP shares. Peel Hunt lifted their price target on Polypipe Group PLC from GBX 330 ($4.31) to GBX 350 ($4.57) and gave the company a “hold” rating in a report on Wednesday, May 25th. Deutsche Bank AG restated a “buy” rating on shares of Polypipe Group PLC in a report on Tuesday, May 31st. Jefferies Group started coverage on Polypipe Group PLC in a report on Thursday, June 2nd. They issued a “hold” rating and a GBX 350 ($4.57) price target for the company. Numis Securities Ltd restated a “buy” rating and issued a GBX 370 ($4.83) price target on shares of Polypipe Group PLC in a report on Tuesday, August 16th. Finally, Berenberg Bank lowered their price target on Polypipe Group PLC from GBX 395 ($5.16) to GBX 360 ($4.70) and set a “buy” rating for the company 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 company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 336.20 ($4.39).

Polypipe Group PLC Company Profile

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.

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