Brokerages Set Polypipe Group PLC (LON:PLP) Price Target at GBX 455

Shares of Polypipe Group PLC (LON:PLP) have earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 451.67 ($5.90).

A number of brokerages recently commented on PLP. Shore Capital reissued a “buy” rating on shares of Polypipe Group in a research note on Thursday, May 23rd. Peel Hunt reissued an “add” rating and issued a GBX 455 ($5.95) price objective on shares of Polypipe Group in a research note on Tuesday. Jefferies Financial Group downgraded shares of Polypipe Group to a “hold” rating in a research note on Tuesday, June 25th. Deutsche Bank began coverage on shares of Polypipe Group in a research note on Wednesday. They issued a “hold” rating and a GBX 445 ($5.81) price objective for the company. Finally, Peel Hunt reissued an “add” rating and issued a GBX 455 ($5.95) price objective on shares of Polypipe Group in a research note on Monday.

Polypipe Group stock opened at GBX 384.60 ($5.03) on Tuesday. The company has a 50 day moving average price of GBX 418.14 and a 200-day moving average price of GBX 418.13. The company has a debt-to-equity ratio of 63.83, a quick ratio of 0.72 and a current ratio of 1.30. Polypipe Group has a fifty-two week low of GBX 305.40 ($3.99) and a fifty-two week high of GBX 459.60 ($6.01). The company has a market capitalization of $758.39 million and a PE ratio of 15.76.

The company also recently declared a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 29th will be issued a GBX 4 ($0.05) dividend. This represents a yield of 1%. The ex-dividend date of this dividend is Thursday, August 29th. Polypipe Group’s dividend payout ratio is currently 0.49%.

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.

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Analyst Recommendations for Polypipe Group (LON:PLP)

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