Shore Capital Reaffirms “Buy” Rating for Polypipe Group (PLP)
Polypipe Group (LON:PLP)‘s stock had its “buy” rating reissued by equities research analysts at Shore Capital in a research note issued on Tuesday.
A number of other equities research analysts have also recently commented on the stock. Deutsche Bank reaffirmed a “buy” rating and set a GBX 455 ($6.29) price objective on shares of Polypipe Group in a research note on Monday, January 29th. Peel Hunt reissued a “buy” rating and issued a GBX 465 ($6.42) price target on shares of Polypipe Group in a research note on Monday, January 8th. Finally, Barclays started coverage on shares of Polypipe Group in a research note on Monday, November 27th. They issued an “overweight” rating and a GBX 426 ($5.89) price target on the stock. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Polypipe Group presently has an average rating of “Buy” and an average price target of GBX 458 ($6.33).
Shares of Polypipe Group (PLP) opened at GBX 369.80 ($5.11) on Tuesday. The company has a market cap of $812.57 and a P/E ratio of 1,607.83. Polypipe Group has a one year low of GBX 327.70 ($4.53) and a one year high of GBX 439.50 ($6.07).
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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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