Polypipe Group PLC (PLP) Given Average Rating of “Buy” by Analysts

Shares of Polypipe Group PLC (LON:PLP) have been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 463.67 ($6.06).

A number of analysts have recently commented on the company. Shore Capital restated a “buy” rating on shares of Polypipe Group in a research note on Tuesday. Peel Hunt restated a “buy” rating on shares of Polypipe Group in a research note on Tuesday. Berenberg Bank upped their target price on Polypipe Group from GBX 490 ($6.40) to GBX 510 ($6.66) and gave the stock a “buy” rating in a research note on Tuesday, November 6th. Finally, Numis Securities restated an “add” rating on shares of Polypipe Group in a research note on Tuesday, August 14th.

Shares of PLP opened at GBX 359 ($4.69) on Friday. Polypipe Group has a 52 week low of GBX 327.70 ($4.28) and a 52 week high of GBX 439.50 ($5.74).

Polypipe Group Company Profile

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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Analyst Recommendations for Polypipe Group (LON:PLP)

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