Polypipe Group (PLP) Given “Buy” Rating at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Polypipe Group (LON:PLP) in a report published on Tuesday morning.

Other research analysts have also recently issued research reports about the stock. Berenberg Bank dropped their price target on shares of Polypipe Group from GBX 510 ($6.66) to GBX 480 ($6.27) and set a buy rating on the stock in a research note on Monday, January 28th. Peel Hunt reiterated a buy rating on shares of Polypipe Group in a research note on Monday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of GBX 462.50 ($6.04).

Shares of Polypipe Group stock opened at GBX 407.60 ($5.33) on Tuesday. The firm has a market cap of $814.34 million and a PE ratio of 24.26. Polypipe Group has a 1-year low of GBX 305.40 ($3.99) and a 1-year high of GBX 428.60 ($5.60). The company has a debt-to-equity ratio of 59.37, a quick ratio of 0.96 and a current ratio of 1.58.

The firm also recently declared a dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Thursday, April 18th will be paid a dividend of GBX 7.90 ($0.10) per share. This represents a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Polypipe Group’s previous dividend of $3.70. Polypipe Group’s dividend payout ratio (DPR) is currently 0.65%.

Polypipe Group Company Profile

Polypipe Group plc, through its subsidiaries, designs, develops, and manufactures plastic piping systems, water management solutions, and ventilation systems in the United Kingdom, other European countries, and internationally. The company offers above and below ground drainage, and rainwater drainage systems; plumbing tools and accessories, plastic plumbing fittings, and plumbing and heating pipes; underfloor heating products; and ventilation systems, including rigid duct, radial semi-rigid duct, mechanical ventilation with heat recovery, mechanical extract ventilation, intermittent extract fan, and decentralized mechanical extract ventilation systems.

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Analyst Recommendations for Polypipe Group (LON:PLP)

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