Polypipe Group PLC (PLP) Given Buy Rating at Jefferies Group LLC

Jefferies Group LLC restated their buy rating on shares of Polypipe Group PLC (LON:PLP) in a report released on Tuesday morning. Jefferies Group LLC currently has a GBX 490 ($6.61) target price on the stock.

A number of other equities analysts have also commented on PLP. Deutsche Bank AG reaffirmed a buy rating on shares of Polypipe Group PLC in a research report on Monday, August 14th. Peel Hunt reaffirmed an add rating and set a GBX 465 ($6.27) price target on shares of Polypipe Group PLC in a research report on Tuesday, August 8th. Numis Securities Ltd reaffirmed an add rating and set a GBX 450 ($6.07) price target on shares of Polypipe Group PLC in a research report on Tuesday, August 8th. Finally, Berenberg Bank raised their price target on shares of Polypipe Group PLC from GBX 360 ($4.85) to GBX 470 ($6.34) and gave the stock a buy rating in a research report on Friday, September 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 464.40 ($6.26).

Polypipe Group PLC (LON PLP) opened at 398.50 on Tuesday. Polypipe Group PLC has a 1-year low of GBX 243.90 and a 1-year high of GBX 439.50. The company has a 50-day moving average of GBX 394.31 and a 200-day moving average of GBX 391.03. The firm’s market cap is GBX 790.17 million.

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The company also recently announced a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be issued a GBX 3.60 ($0.05) dividend. This represents a yield of 0.89%. The ex-dividend date is Thursday, August 24th.

Polypipe Group PLC Company Profile

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).

Analyst Recommendations for Polypipe Group PLC (LON:PLP)

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