Deutsche Bank reiterated their buy rating on shares of Polypipe Group (LON:PLP) in a research note released on Monday morning. Deutsche Bank currently has a GBX 455 ($6.17) price objective on the stock.
Several other research firms also recently weighed in on PLP. Peel Hunt reissued a buy rating and set a GBX 465 ($6.31) price target on shares of Polypipe Group in a research report on Monday. Jefferies Group reissued a buy rating and set a GBX 490 ($6.64) price target on shares of Polypipe Group in a research report on Tuesday, September 19th. Numis Securities reissued an add rating and set a GBX 450 ($6.10) price target on shares of Polypipe Group in a research report on Tuesday, November 14th. Shore Capital reissued a buy rating on shares of Polypipe Group in a research report on Tuesday, November 14th. Finally, Barclays assumed coverage on Polypipe Group in a research report on Monday, November 27th. They set an overweight rating and a GBX 426 ($5.78) price target for the company. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of GBX 458 ($6.21).
Polypipe Group (PLP) opened at GBX 412.40 ($5.59) on Monday. Polypipe Group has a one year low of GBX 327.70 ($4.44) and a one year high of GBX 439.50 ($5.96). The firm has a market capitalization of $820.23 and a P/E ratio of 1,793.04.
Polypipe Group plc is a United Kingdom-based manufacturer of plastic piping systems for the residential, commercial, civil and infrastructure sectors. The Company’s segments include Residential Piping Systems, Commercial and Infrastructure Piping Systems (UK), and Commercial and Infrastructure (Mainland Europe).
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