Peel Hunt Reaffirms “Add” Rating for Polypipe Group (LON:PLP)

Peel Hunt reissued their add rating on shares of Polypipe Group (LON:PLP) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also issued reports about the stock. Numis Securities reaffirmed an add rating on shares of Polypipe Group in a report on Thursday, May 16th. Deutsche Bank started coverage on shares of Polypipe Group in a report on Wednesday, August 14th. They set a hold rating and a GBX 445 ($5.81) price objective for the company. Jefferies Financial Group lowered shares of Polypipe Group to a hold rating in a report on Tuesday, June 25th. Shore Capital reaffirmed a buy rating on shares of Polypipe Group in a report on Thursday, May 23rd. Finally, Peel Hunt reaffirmed an add rating and set a GBX 455 ($5.95) price objective on shares of Polypipe Group in a report on Tuesday, August 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 457 ($5.97).

Shares of PLP opened at GBX 388 ($5.07) on Tuesday. The company has a debt-to-equity ratio of 68.59, a current ratio of 1.51 and a quick ratio of 0.94. Polypipe Group has a 1 year low of GBX 305.40 ($3.99) and a 1 year high of GBX 459.60 ($6.01). The company has a 50 day simple moving average of GBX 407.25 and a two-hundred day simple moving average of GBX 416.96. The firm has a market cap of $775.98 million and a P/E ratio of 15.71.

The firm also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 29th will be issued a GBX 4 ($0.05) dividend. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Thursday, August 29th. 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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