Polypipe Group (LON:PLP) Earns “Add” Rating from Peel Hunt

Peel Hunt reissued their add rating on shares of Polypipe Group (LON:PLP) in a report released on Tuesday, ThisIsMoney.Co.Uk reports.

PLP has been the topic of a number of other research reports. Berenberg Bank set a €670.00 ($779.07) target price on Adyen and gave the company a neutral rating in a report on Friday, March 22nd. Numis Securities reissued a buy rating on shares of 3i Group in a report on Thursday, May 16th. Jefferies Financial Group raised SALVATORE FERRA/ADR from an underperform rating to a hold rating in a report on Tuesday, June 25th. Finally, Shore Capital reissued a buy rating on shares of Polypipe Group in a report on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 462.50 ($6.04).

Polypipe Group stock opened at GBX 424.40 ($5.55) on Tuesday. The company has a debt-to-equity ratio of 63.83, a current ratio of 1.30 and a quick ratio of 0.72. Polypipe Group has a one year low of GBX 305.40 ($3.99) and a one year high of GBX 451.80 ($5.90). The stock has a market capitalization of $848.78 million and a PE ratio of 17.39. The firm’s fifty day simple moving average is GBX 435.

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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