Polypipe Group’s (PLP) “Buy” Rating Reaffirmed at Deutsche Bank
Deutsche Bank restated their buy rating on shares of Polypipe Group (LON:PLP) in a research note released on Monday morning. The brokerage currently has a GBX 455 ($6.17) price objective on the stock.
A number of other equities analysts also recently issued reports on the company. Peel Hunt raised Polypipe Group to a buy rating and set a GBX 465 ($6.31) price target on the stock in a research report on Wednesday, December 6th. Jefferies Group reaffirmed a buy rating and set a GBX 490 ($6.64) price target on shares of Polypipe Group in a research report on Tuesday, September 19th. Numis Securities reaffirmed an add rating and set a GBX 450 ($6.10) price target on shares of Polypipe Group in a research report on Tuesday, November 14th. reaffirmed an add rating and set a GBX 450 ($6.10) price target on shares of Polypipe Group in a research report on Tuesday, November 14th. Finally, Barclays initiated coverage on Polypipe Group in a research report on Monday, November 27th. They set an overweight rating and a GBX 426 ($5.78) price target on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 458 ($6.21).
Polypipe Group (LON:PLP) opened at GBX 410.60 ($5.57) on Monday. The stock has a market capitalization of $821.03 and a price-to-earnings ratio of 1,785.22. Polypipe Group has a 12-month low of GBX 327.70 ($4.44) and a 12-month high of GBX 439.50 ($5.96).
About Polypipe Group
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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