Peel Hunt Reiterates Add Rating for Polypipe Group (LON:PLP)

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Peel Hunt restated their add rating on shares of Polypipe Group (LON:PLP) in a research report report published on Tuesday morning, LSE.Co.UK reports. They currently have a GBX 455 ($5.95) target price on the stock.

Several other analysts have also recently weighed in on the stock. Peel Hunt reissued an add rating and issued a GBX 455 ($5.95) price objective on shares of Polypipe Group in a research note on Monday. Jefferies Financial Group cut shares of Polypipe Group to a hold rating in a research note on Tuesday, June 25th. Shore Capital reissued a buy rating on shares of Polypipe Group in a research note on Thursday, May 23rd. Finally, Numis Securities reissued an add rating on shares of Polypipe Group in a research note on Thursday, May 16th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 457 ($5.97).

LON PLP opened at GBX 386.98 ($5.06) on Tuesday. The company has a debt-to-equity ratio of 63.83, a quick ratio of 0.72 and a current ratio of 1.30. 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). The stock has a market cap of $758.39 million and a PE ratio of 15.86. The firm’s fifty day moving average price is GBX 418.14 and its two-hundred day moving average price is GBX 418.13.

The firm also recently disclosed a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be paid a GBX 4 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a dividend yield of 1%. Polypipe Group’s dividend payout ratio is 0.49%.

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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