Polypipe Group (LON:PLP) Rating Reiterated by Peel Hunt
Polypipe Group (LON:PLP)‘s stock had its “hold” rating reaffirmed by stock analysts at Peel Hunt in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also issued reports on the company. Deutsche Bank reduced their price target on Polypipe Group from GBX 445 ($5.85) to GBX 435 ($5.72) and set a “hold” rating for the company in a research report on Wednesday, November 20th. Berenberg Bank boosted 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 report on Friday, January 24th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Polypipe Group in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Polypipe Group has an average rating of “Buy” and an average price target of GBX 519.33 ($6.83).
PLP stock traded down GBX 16.20 ($0.21) during trading on Tuesday, reaching GBX 437.20 ($5.75). 1,259,962 shares of the company’s stock were exchanged, compared to its average volume of 499,664. The company has a quick ratio of 0.94, a current ratio of 1.51 and a debt-to-equity ratio of 68.59. Polypipe Group has a 1-year low of GBX 365 ($4.80) and a 1-year high of GBX 620 ($8.16). The company’s fifty day moving average price is GBX 549.13 and its 200-day moving average price is GBX 489.40. The firm has a market cap of $834.47 million and a PE ratio of 17.70.
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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