Polypipe Group’s (PLP) Add Rating Reiterated at Peel Hunt
Peel Hunt restated their add rating on shares of Polypipe Group (LON:PLP) in a report published on Tuesday morning, LSE.Co.UK reports. The firm currently has a GBX 455 ($5.95) price objective on the stock.
Several other research firms also recently weighed in on PLP. Peel Hunt reaffirmed an add rating and issued a GBX 455 ($5.95) price objective on shares of Polypipe Group in a report on Monday, August 12th. Numis Securities reaffirmed an add rating on shares of Polypipe Group in a report on Thursday, May 16th. Jefferies Financial Group downgraded shares of Polypipe Group to a hold rating in a report on Tuesday, June 25th. Finally, Shore Capital reaffirmed a buy rating on shares of Polypipe Group in a report on Thursday, May 23rd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 457 ($5.97).
Polypipe Group stock opened at GBX 374 ($4.89) on Tuesday. The company has a 50-day simple moving average of GBX 416.73 and a 200-day simple moving average of GBX 417.91. The firm has a market capitalization of $747.99 million and a P/E ratio of 15.14. The company has a debt-to-equity ratio of 68.59, a quick ratio of 0.94 and a current ratio of 1.51. Polypipe Group has a one year low of GBX 305.40 ($3.99) and a one year high of GBX 459.60 ($6.01).
Polypipe Group Company Profile
Polypipe Group plc, through its subsidiaries, designs, develops, and manufactures plastic piping systems, water management solutions, and climate management solutions in the United Kingdom, other European countries, and internationally. The company offers above and below ground drainage pipes; cable protection, sewer system, surface water drainage, water management, and mining pipes; water and gas distribution pipes; pressure systems; underfloor heating pipes and manifolds, underfloor heating controls, red floor panels, overlay systems, suspended floor systems, clip rail systems, and staple systems; and ventilation systems, including rigid ducts, radial products, decentralized mechanical extract ventilation, intermittent extract fans, mechanical ventilation with heat recovery, and mechanical extract ventilation systems.
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