Polypipe Group PLC (LON:PLP) announced a dividend on Tuesday, August 8th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 24th will be given a dividend of GBX 3.60 ($0.05) per share on Friday, September 22nd. This represents a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, August 24th. The official announcement can be accessed at this link.
Shares of Polypipe Group PLC (PLP) opened at 386.10 on Friday. Polypipe Group PLC has a 1-year low of GBX 243.90 and a 1-year high of GBX 439.50. The stock’s market cap is GBX 765.59 million. The stock’s 50 day moving average price is GBX 392.11 and its 200 day moving average price is GBX 382.65.
Several analysts have weighed in on the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Polypipe Group PLC in a research note on Monday, August 14th. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 450 ($5.84) target price on shares of Polypipe Group PLC in a research note on Tuesday, August 8th. Peel Hunt reaffirmed an “add” rating and set a GBX 465 ($6.04) target price on shares of Polypipe Group PLC in a research note on Tuesday, August 8th. Jefferies Group LLC lifted their target price on Polypipe Group PLC from GBX 410 ($5.32) to GBX 490 ($6.36) and gave the company a “buy” rating in a research note on Monday, June 26th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 360 ($4.67) target price on shares of Polypipe Group PLC in a research note on Tuesday, April 25th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Polypipe Group PLC has an average rating of “Buy” and an average target price of GBX 442.40 ($5.74).
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About Polypipe Group PLC
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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