Polypipe Group PLC (LON:PLP) announced a dividend on Tuesday, August 13th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 29th will be given a dividend of GBX 4 ($0.05) per share on Friday, September 20th. This represents a dividend yield of 1%. The ex-dividend date is Thursday, August 29th. The official announcement can be seen at this link.
PLP opened at GBX 384.81 ($5.03) on Wednesday. The company has a debt-to-equity ratio of 63.83, a quick ratio of 0.72 and a current ratio of 1.30. The company has a market capitalization of $793.18 million and a P/E ratio of 15.77. The business’s 50 day simple moving average is GBX 420.69. Polypipe Group has a fifty-two week low of GBX 305.40 ($3.99) and a fifty-two week high of GBX 459.60 ($6.01).
PLP has been the subject of a number of recent research reports. Numis Securities reissued an “add” rating on shares of Polypipe Group in a research note on Thursday, May 16th. Peel Hunt restated an “add” rating and set a GBX 455 ($5.95) price objective on shares of Polypipe Group in a report on Monday. Peel Hunt restated an “add” rating and set a GBX 455 ($5.95) price objective on shares of Polypipe Group in a report on Tuesday. Shore Capital restated a “buy” rating on shares of Polypipe Group in a report on Thursday, May 23rd. Finally, Deutsche Bank started coverage on shares of Polypipe Group in a report on Wednesday. They set a “hold” rating and a GBX 445 ($5.81) price objective for the company. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Polypipe Group presently has an average rating of “Hold” and an average price target of GBX 457 ($5.97).
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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