Brokerages Set Polypipe Group plc (PLP) Price Target at $458.50
Polypipe Group plc (LON:PLP) has been given a consensus rating of “Buy” by the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 458.50 ($6.17).
Several analysts have commented on PLP shares. restated an “add” rating and set a GBX 450 ($6.06) price objective on shares of Polypipe Group in a research note on Tuesday, November 14th. Peel Hunt restated an “add” rating and set a GBX 465 ($6.26) price objective on shares of Polypipe Group in a research note on Tuesday, November 14th. Deutsche Bank lifted their price objective on shares of Polypipe Group from GBX 445 ($5.99) to GBX 455 ($6.12) and gave the company a “buy” rating in a research note on Monday, November 20th. Shore Capital restated a “buy” rating on shares of Polypipe Group in a research note on Tuesday, November 14th. Finally, Berenberg Bank lifted their price objective on shares of Polypipe Group from GBX 360 ($4.85) to GBX 470 ($6.33) and gave the company a “buy” rating in a research note on Friday, September 1st.
Polypipe Group (PLP) traded down GBX 0.10 ($0.00) during trading hours on Friday, reaching GBX 374.90 ($5.05). 260,405 shares of the company’s stock traded hands, compared to its average volume of 374,482. Polypipe Group has a 12 month low of GBX 300 ($4.04) and a 12 month high of GBX 439.50 ($5.92).
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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