Polypipe Group (PLP) Receives Buy Rating from Deutsche Bank

Deutsche Bank reiterated their buy rating on shares of Polypipe Group (LON:PLP) in a report issued on Wednesday.

Several other equities analysts have also issued reports on the stock. Numis Securities reissued an add rating and issued a GBX 450 ($6.22) price target on shares of Polypipe Group in a report on Tuesday. Peel Hunt reissued a buy rating and issued a GBX 465 ($6.42) price target on shares of Polypipe Group in a report on Tuesday. Shore Capital reissued a buy rating on shares of Polypipe Group in a report on Tuesday. Finally, Barclays assumed coverage on shares of Polypipe Group in a report on Monday, November 27th. They issued an overweight rating and a GBX 426 ($5.89) price target for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Buy and an average target price of GBX 458 ($6.33).

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PLP stock opened at GBX 352.80 ($4.87) on Wednesday. Polypipe Group has a fifty-two week low of GBX 327.70 ($4.53) and a fifty-two week high of GBX 439.50 ($6.07). The stock has a market cap of $812.57 and a price-to-earnings ratio of 1,533.91.

Polypipe Group (LON:PLP) last announced its quarterly earnings results on Tuesday, March 20th. The company reported GBX 27.20 ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 26.80 ($0.37) by GBX 0.40 ($0.01). Polypipe Group had a net margin of 10.37% and a return on equity of 17.03%. The company had revenue of £411.70 million during the quarter.

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Polypipe Group Company Profile

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).

Analyst Recommendations for Polypipe Group (LON:PLP)

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