Polypipe Group (PLP) Announces Earnings Results

Polypipe Group (LON:PLP) announced its quarterly earnings data on Tuesday. The company reported GBX 27.20 ($0.38) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 26.80 ($0.37) by GBX 0.40 ($0.01), Digital Look Earnings reports. Polypipe Group had a return on equity of 17.03% and a net margin of 10.37%. The company had revenue of GBX 4,117 billion for the quarter.

Shares of Polypipe Group (PLP) opened at GBX 391 ($5.40) on Tuesday. Polypipe Group has a 12 month low of GBX 327.70 ($4.53) and a 12 month high of GBX 439.50 ($6.07). The stock has a market capitalization of $812.57 and a P/E ratio of 1,700.00.

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PLP has been the topic of a number of analyst reports. Deutsche Bank upped their price objective on Polypipe Group from GBX 445 ($6.15) to GBX 455 ($6.29) and gave the stock a “buy” rating in a research note on Monday, November 20th. Barclays initiated coverage on Polypipe Group in a research note on Monday, November 27th. They set an “overweight” rating and a GBX 426 ($5.89) price objective on the stock. Peel Hunt upgraded Polypipe Group to a “buy” rating and set a GBX 465 ($6.42) price objective on the stock in a research note on Wednesday, December 6th. Finally, Shore Capital reiterated a “buy” rating on shares of Polypipe Group in a research note on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 458 ($6.33).

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About Polypipe Group

Polypipe Group plc is a United Kingdom-based manufacturer of plastic piping systems for the residential, commercial, civil and infrastructure sectors. The Company’s segments include Residential Piping Systems, Commercial and Infrastructure Piping Systems (UK), and Commercial and Infrastructure (Mainland Europe).

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