Polypipe Group PLC (PLP) Insider Purchases £209,250 in Stock
Polypipe Group PLC (LON:PLP) insider Marsh,Ron acquired 75,000 shares of the stock in a transaction on Monday, September 19th. The shares were purchased at an average price of GBX 279 ($3.64) per share, for a total transaction of £209,250 ($273,136.67).
Shares of Polypipe Group PLC (LON:PLP) opened at 278.00 on Thursday. The firm’s market capitalization is GBX 553.98 million. The company has a 50-day moving average price of GBX 277.99 and a 200 day moving average price of GBX 289.86. Polypipe Group PLC has a 1-year low of GBX 217.00 and a 1-year high of GBX 360.00.
The firm also recently announced a dividend, which will be paid on Friday, September 23rd. Shareholders of record on Thursday, August 25th will be paid a GBX 3.10 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a yield of 1.11%.
Several research firms have recently issued reports on PLP. Peel Hunt increased their target price on Polypipe Group PLC from GBX 330 ($4.31) to GBX 350 ($4.57) and gave the stock a “hold” rating in a report on Wednesday, May 25th. Deutsche Bank AG reissued a “buy” rating on shares of Polypipe Group PLC in a report on Tuesday, May 31st. Jefferies Group began coverage on Polypipe Group PLC in a report on Thursday, June 2nd. They set a “hold” rating and a GBX 350 ($4.57) target price on the stock. Numis Securities Ltd reissued a “buy” rating and set a GBX 370 ($4.83) target price on shares of Polypipe Group PLC in a report on Tuesday, August 16th. Finally, Berenberg Bank reduced their target price on Polypipe Group PLC from GBX 395 ($5.16) to GBX 360 ($4.70) and set a “buy” rating on the stock in a report on Wednesday, August 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average 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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