Polypipe Group (LON:PLP) had its price objective raised by stock analysts at Berenberg Bank from GBX 490 ($6.40) to GBX 510 ($6.66) in a research report issued on Tuesday. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 32.19% from the company’s current price.
A number of other analysts also recently commented on PLP. Numis Securities reissued an “add” rating on shares of Polypipe Group in a research note on Tuesday, August 14th. Peel Hunt reissued a “buy” rating on shares of Polypipe Group in a research note on Thursday, October 25th. Finally, Deutsche Bank reissued a “buy” rating and issued a GBX 455 ($5.95) price objective on shares of Polypipe Group in a research note on Thursday, July 12th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Polypipe Group presently has an average rating of “Buy” and a consensus price target of GBX 459.33 ($6.00).
PLP opened at GBX 385.80 ($5.04) on Tuesday. Polypipe Group has a one year low of GBX 327.70 ($4.28) and a one year high of GBX 439.50 ($5.74).
Polypipe Group plc, through its subsidiaries, designs, develops, and manufactures plastic piping systems, water management solutions, and ventilation systems in the United Kingdom, other European countries, and internationally. The company offers above and below ground drainage, and rainwater drainage systems; plumbing tools and accessories, plastic plumbing fittings, and plumbing and heating pipes; underfloor heating products; and ventilation systems, including rigid duct, radial semi-rigid duct, mechanical ventilation with heat recovery, mechanical extract ventilation, intermittent extract fan, and decentralized mechanical extract ventilation systems.
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