Several other research firms have also weighed in on PLP. Deutsche Bank AG reiterated a buy rating and set a GBX 447 ($5.80) price objective on shares of Polypipe Group PLC in a research note on Monday, August 7th. Berenberg Bank restated a buy rating and issued a GBX 360 ($4.67) target price on shares of Polypipe Group PLC in a research report on Tuesday, April 25th. Finally, Jefferies Group LLC upped their target price on shares of Polypipe Group PLC from GBX 410 ($5.32) to GBX 490 ($6.36) and gave the stock a buy rating in a research report on Monday, June 26th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of GBX 442.40 ($5.74).
Polypipe Group PLC (LON PLP) traded down 0.62% on Tuesday, hitting GBX 386.10. The stock had a trading volume of 210,569 shares. Polypipe Group PLC has a 52-week low of GBX 243.90 and a 52-week high of GBX 439.50. The company’s market cap is GBX 765.59 million. The company has a 50 day moving average price of GBX 392.11 and a 200-day moving average price of GBX 382.65.
The company also recently declared a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 24th will be given a GBX 3.60 ($0.05) dividend. The ex-dividend date is Thursday, August 24th. This represents a dividend yield of 0.89%.
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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