Polypipe Group (LON:PLP) Reaches New 1-Year High at $522.50

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Polypipe Group PLC (LON:PLP)’s stock price hit a new 52-week high on Monday . The stock traded as high as GBX 522.50 ($6.87) and last traded at GBX 518 ($6.81), with a volume of 8486 shares traded. The stock had previously closed at GBX 517.50 ($6.81).

Several equities analysts recently weighed in on the stock. Peel Hunt downgraded shares of Polypipe Group to a “hold” rating and increased their price target for the stock from GBX 455 ($5.99) to GBX 475 ($6.25) in a report on Tuesday, November 19th. Peel Hunt reiterated an “add” rating and issued a GBX 455 ($5.99) price target on shares of Polypipe Group in a report on Tuesday, October 1st. Berenberg Bank reiterated a “buy” rating and issued a GBX 480 ($6.31) price target on shares of Polypipe Group in a report on Tuesday, November 19th. Shore Capital restated a “buy” rating on shares of Polypipe Group in a research report on Wednesday, September 18th. Finally, Deutsche Bank lowered their price objective on Polypipe Group from GBX 445 ($5.85) to GBX 435 ($5.72) and set a “hold” rating on the stock in a research report on Wednesday, November 20th. Five equities 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 a consensus rating of “Hold” and an average price target of GBX 459 ($6.04).

The company has a current ratio of 1.51, a quick ratio of 0.94 and a debt-to-equity ratio of 68.59. The company has a 50-day simple moving average of GBX 474.21 and a 200 day simple moving average of GBX 429.71. The firm has a market cap of $1.03 billion and a PE ratio of 20.81.

About Polypipe Group (LON:PLP)

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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