Polypipe Group’s (PLP) “Buy” Rating Reaffirmed at Shore Capital
Polypipe Group (LON:PLP)‘s stock had its “buy” rating restated by Shore Capital in a research note issued to investors on Tuesday.
A number of other equities research analysts have also recently issued reports on PLP. Numis Securities reaffirmed an “add” rating on shares of Polypipe Group in a research report on Tuesday, August 14th. Peel Hunt reaffirmed a “buy” rating on shares of Polypipe Group in a research report on Tuesday. Finally, Berenberg Bank upped their target price on Polypipe Group from GBX 490 ($6.40) to GBX 510 ($6.66) and gave the stock a “buy” rating in a research report on Tuesday, November 6th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Polypipe Group currently has an average rating of “Buy” and an average target price of GBX 461.20 ($6.03).
Shares of Polypipe Group stock opened at GBX 362.60 ($4.74) on Tuesday. Polypipe Group has a 12-month low of GBX 327.70 ($4.28) and a 12-month high of GBX 439.50 ($5.74).
Polypipe Group plc, through its subsidiaries, designs, develops, and manufactures plastic piping systems, water management solutions, and ventilation systems in the United Kingdom, other European countries, and internationally. The company offers above and below ground drainage, and rainwater drainage systems; plumbing tools and accessories, plastic plumbing fittings, and plumbing and heating pipes; underfloor heating products; and ventilation systems, including rigid duct, radial semi-rigid duct, mechanical ventilation with heat recovery, mechanical extract ventilation, intermittent extract fan, and decentralized mechanical extract ventilation systems.
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