Polypipe Group’s (PLP) Hold Rating Reaffirmed at Peel Hunt

Peel Hunt reiterated their hold rating on shares of Polypipe Group (LON:PLP) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

PLP has been the topic of a number of other research reports. Shore Capital reissued an under review rating on shares of Polypipe Group in a report on Thursday, May 7th. Deutsche Bank raised shares of Polypipe Group to a buy rating and boosted their price objective for the stock from GBX 435 ($5.35) to GBX 550 ($6.77) in a report on Wednesday, March 18th. Jefferies Financial Group decreased their price objective on shares of Polypipe Group from GBX 626 ($7.70) to GBX 576 ($7.09) and set a buy rating on the stock in a report on Thursday, March 19th. Finally, Berenberg Bank reissued a hold rating and set a GBX 480 ($5.91) price objective on shares of Polypipe Group in a report on Wednesday, June 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Polypipe Group has an average rating of Hold and an average target price of GBX 507.20 ($6.24).

Shares of LON:PLP opened at GBX 414.50 ($5.10) on Tuesday. The company has a market cap of $946.06 million and a price-to-earnings ratio of 16.87. The firm’s 50-day simple moving average is GBX 434.60 and its 200-day simple moving average is GBX 488.67. The company has a quick ratio of 0.78, a current ratio of 1.37 and a debt-to-equity ratio of 58.94. Polypipe Group has a fifty-two week low of GBX 365 ($4.49) and a fifty-two week high of GBX 620 ($7.63).

About Polypipe Group

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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Analyst Recommendations for Polypipe Group (LON:PLP)

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