Polypipe Group PLC (PLP) Rating Reiterated by Deutsche Bank AG
Polypipe Group PLC (LON:PLP)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a report released on Thursday. They presently have a GBX 361 ($4.47) target price on the stock. Deutsche Bank AG’s target price indicates a potential upside of 33.41% from the company’s previous close.
A number of other equities research analysts have also issued reports on PLP. Peel Hunt reiterated a “hold” rating and issued a GBX 350 ($4.33) price target on shares of Polypipe Group PLC in a research note on Monday, August 15th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 370 ($4.58) price target on shares of Polypipe Group PLC in a research note on Tuesday, August 16th. Jefferies Group cut their price objective on Polypipe Group PLC from GBX 350 ($4.33) to GBX 240 ($2.97) and set a “hold” rating for the company in a research report on Wednesday, June 29th. Finally, Berenberg Bank cut their price objective on Polypipe Group PLC from GBX 395 ($4.89) to GBX 360 ($4.46) and set a “buy” rating for the company in a research report on Wednesday, August 17th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 336.20 ($4.16).
Polypipe Group PLC (LON:PLP) opened at 267.40 on Thursday. The company’s 50-day moving average price is GBX 283.86 and its 200 day moving average price is GBX 285.23. The stock’s market capitalization is GBX 532.86 million. Polypipe Group PLC has a 52-week low of GBX 217.00 and a 52-week high of GBX 360.00.
The business also recently declared a dividend, which was paid on Friday, September 23rd. Investors of record on Thursday, August 25th were given a GBX 3.10 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, August 25th. This represents a yield of 1.11%.
In related news, insider Marsh,Ron purchased 75,000 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The stock was bought at an average price of GBX 279 ($3.45) per share, for a total transaction of £209,250 ($258,972.77).
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).
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.