Polypipe Group (LON:PLP) Receives Hold Rating from Peel Hunt
Peel Hunt reaffirmed their hold rating on shares of Polypipe Group (LON:PLP) in a report published on Thursday, ThisIsMoney.Co.Uk reports.
A number of other brokerages have also issued reports on PLP. Berenberg Bank raised their price target on Polypipe Group from GBX 480 ($6.31) to GBX 610 ($8.02) and gave the stock a buy rating in a research note on Friday, January 24th. Deutsche Bank decreased their price target on Polypipe Group from GBX 445 ($5.85) to GBX 435 ($5.72) and set a hold rating on the stock in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group reissued a buy rating on shares of Polypipe Group in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Polypipe Group currently has a consensus rating of Hold and an average price target of GBX 485 ($6.38).
LON:PLP traded up GBX 0.50 ($0.01) during mid-day trading on Thursday, reaching GBX 603 ($7.93). The company’s stock had a trading volume of 704,923 shares, compared to its average volume of 499,664. The company’s fifty day simple moving average is GBX 542.11 and its two-hundred day simple moving average is GBX 465.20. The company has a debt-to-equity ratio of 68.59, a current ratio of 1.51 and a quick ratio of 0.94. Polypipe Group has a twelve month low of GBX 365 ($4.80) and a twelve month high of GBX 560 ($7.37). The stock has a market cap of $1.21 billion and a P/E ratio of 24.41.
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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