Polypipe Group’s (PLP) “Buy” Rating Reiterated at Deutsche Bank

Deutsche Bank reiterated their buy rating on shares of Polypipe Group (LON:PLP) in a research report released on Wednesday morning, Stock Target Advisor reports. Deutsche Bank currently has a GBX 484 ($5.96) target price on the stock, down from their previous target price of GBX 550 ($6.77).

Several other equities research analysts have also recently commented on PLP. Jefferies Financial Group lowered their price target on shares of Polypipe Group from GBX 576 ($7.09) to GBX 519 ($6.39) and set a buy rating for the company in a research report on Tuesday, July 21st. Shore Capital reiterated an under review rating on shares of Polypipe Group in a research report on Tuesday, July 7th. Peel Hunt reiterated a hold rating on shares of Polypipe Group in a research report on Tuesday, July 7th. Finally, Berenberg Bank reiterated a hold rating and set a GBX 480 ($5.91) price target on shares of Polypipe Group in a research report on Wednesday, June 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 482.60 ($5.94).

PLP opened at GBX 405 ($4.98) on Wednesday. The company has a current ratio of 1.37, a quick ratio of 0.78 and a debt-to-equity ratio of 58.94. The stock has a market capitalization of $923.26 million and a PE ratio of 16.46. Polypipe Group has a 1-year low of GBX 4.28 ($0.05) and a 1-year high of GBX 620 ($7.63). The firm has a 50-day moving average price of GBX 431.15 and a two-hundred day moving average price of GBX 476.65.

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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