Polypipe Group (LON:PLP)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a note issued to investors on Friday.
Other equities analysts have also recently issued research reports about the company. Numis Securities cut Polypipe Group to an “add” rating and set a GBX 450 ($5.88) target price on the stock. in a report on Tuesday. Shore Capital restated a “buy” rating on shares of Polypipe Group in a report on Tuesday. Finally, Peel Hunt restated a “buy” rating on shares of Polypipe Group in a report on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 462.50 ($6.04).
Shares of PLP opened at GBX 400 ($5.23) on Friday. The company has a current ratio of 1.58, a quick ratio of 0.96 and a debt-to-equity ratio of 59.37. 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 stock has a market cap of $799.15 million and a price-to-earnings ratio of 23.81.
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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