Polypipe Group (LON:PLP) Rating Reiterated by Shore Capital

Shore Capital reiterated their under review rating on shares of Polypipe Group (LON:PLP) in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.

Other analysts have also recently issued reports about the company. Jefferies Financial Group cut their price target on Polypipe Group from GBX 626 ($7.70) to GBX 576 ($7.09) and set a buy rating on the stock in a research note on Thursday, March 19th. Berenberg Bank reiterated a hold rating and set a GBX 480 ($5.91) target price on shares of Polypipe Group in a research report on Wednesday, June 17th. Peel Hunt reiterated a hold rating on shares of Polypipe Group in a research report on Tuesday. Finally, Deutsche Bank upgraded Polypipe Group to a buy rating and lifted their target price for the stock from GBX 435 ($5.35) to GBX 550 ($6.77) in a research report on Wednesday, March 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Polypipe Group presently has a consensus rating of Hold and an average target price of GBX 507.20 ($6.24).

Polypipe Group stock opened at GBX 414.50 ($5.10) on Tuesday. Polypipe Group has a 1-year low of GBX 365 ($4.49) and a 1-year high of GBX 620 ($7.63). The company has a debt-to-equity ratio of 58.94, a current ratio of 1.37 and a quick ratio of 0.78. The stock has a market cap of $946.06 million and a PE ratio of 16.87. The stock’s fifty day moving average is GBX 434.60 and its two-hundred day moving average is GBX 488.67.

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.

Further Reading: What does the Producer Price Index (PPI) tell investors?

Analyst Recommendations for Polypipe Group (LON:PLP)

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