Polypipe Group (LON:PLP) Receives Buy Rating from Shore Capital

Shore Capital restated their buy rating on shares of Polypipe Group (LON:PLP) in a report released on Wednesday morning, Digital Look reports.

A number of other equities research analysts have also commented on the company. Peel Hunt restated an add rating on shares of Polypipe Group in a research report on Tuesday, August 20th. Peel Hunt restated an add rating and set a GBX 455 ($5.95) price objective on shares of Polypipe Group in a research report on Tuesday, August 13th. Deutsche Bank initiated coverage on Polypipe Group in a research report on Wednesday, August 14th. They set a hold rating and a GBX 445 ($5.81) price objective for the company. Finally, Jefferies Financial Group lowered Polypipe Group to a hold rating in a research report on Tuesday, June 25th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Polypipe Group has an average rating of Hold and an average price target of GBX 457 ($5.97).

Shares of LON PLP opened at GBX 413.80 ($5.41) on Wednesday. Polypipe Group has a one year low of GBX 305.40 ($3.99) and a one year high of GBX 459.60 ($6.01). The firm has a market capitalization of $827.58 million and a PE ratio of 16.75. 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 business has a 50-day moving average price of GBX 393.46 and a two-hundred day moving average price of GBX 415.80.

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