Polypipe Group PLC (LON:PLP) Stock Rating Reaffirmed by Deutsche Bank AG
Polypipe Group PLC (LON:PLP)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank AG in a research report issued on Monday. They presently have a GBX 447 ($5.90) target price on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 8.31% from the stock’s previous close.
PLP has been the topic of several other research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 360 ($4.75) price target on shares of Polypipe Group PLC in a report on Tuesday, April 25th. Jefferies Group LLC raised their price target on Polypipe Group PLC from GBX 410 ($5.41) to GBX 490 ($6.46) and gave the company a “buy” rating in a report on Monday, June 26th. Finally, Peel Hunt raised their price target on Polypipe Group PLC from GBX 405 ($5.34) to GBX 465 ($6.13) and gave the company an “add” rating in a report on Monday, June 19th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 433.40 ($5.72).
Shares of Polypipe Group PLC (LON PLP) opened at 412.70 on Monday. The firm has a 50-day moving average of GBX 396.11 and a 200-day moving average of GBX 378.56. Polypipe Group PLC has a one year low of GBX 236.10 and a one year high of GBX 439.50. The firm’s market capitalization is GBX 818.32 million.
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About Polypipe Group PLC
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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