Polypipe Group (PLP) Earns “Buy” Rating from Deutsche Bank
Several other research firms have also issued reports on PLP. Peel Hunt restated an add rating and issued a GBX 465 ($6.23) target price on shares of Polypipe Group in a report on Tuesday, November 14th. reiterated an add rating and set a GBX 450 ($6.03) price objective on shares of Polypipe Group in a report on Tuesday, November 14th. Shore Capital reiterated a buy rating on shares of Polypipe Group in a report on Tuesday, November 14th. Berenberg Bank lifted their price objective on shares of Polypipe Group from GBX 360 ($4.82) to GBX 470 ($6.29) and gave the company a buy rating in a report on Friday, September 1st. Finally, Jefferies Group reiterated a buy rating and set a GBX 490 ($6.56) price objective on shares of Polypipe Group in a report on Tuesday, September 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of GBX 458 ($6.13).
Shares of Polypipe Group (PLP) opened at GBX 372.60 ($4.99) on Monday. Polypipe Group has a twelve month low of GBX 290 ($3.88) and a twelve month high of GBX 439.50 ($5.89).
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Polypipe Group 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).
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