Polypipe Group’s (PLP) Add Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their add rating on shares of Polypipe Group (LON:PLP) in a report issued on Tuesday, LSE.Co.UK reports. Peel Hunt currently has a GBX 455 ($5.95) price objective on the stock.

A number of other equities analysts have also recently commented on PLP. Peel Hunt reiterated an add rating and set a GBX 455 ($5.95) price target on shares of Polypipe Group in a report on Monday. Shore Capital reiterated a buy rating on shares of Polypipe Group in a report on Thursday, May 23rd. Jefferies Financial Group cut Polypipe Group to a hold rating in a report on Tuesday, June 25th. Finally, Numis Securities reiterated an add rating on shares of Polypipe Group in a report on Thursday, May 16th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Polypipe Group presently has a consensus rating of Hold and an average price target of GBX 457 ($5.97).

Polypipe Group stock opened at GBX 386.98 ($5.06) on Tuesday. Polypipe Group has a 52 week low of GBX 305.40 ($3.99) and a 52 week high of GBX 459.60 ($6.01). 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 stock has a market capitalization of $758.39 million and a P/E ratio of 15.86. The stock has a 50-day simple moving average of GBX 418.14 and a 200 day simple moving average of GBX 418.13.

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