Deutsche Bank assumed coverage on shares of Polypipe Group (LON:PLP) in a research report released on Wednesday morning, Digital Look reports. The firm issued a hold rating and a GBX 445 ($5.81) price objective on the stock.
Several other equities research analysts have also recently weighed in on PLP. Shore Capital reiterated a buy rating on shares of Polypipe Group in a report on Thursday, May 23rd. Jefferies Financial Group cut Polypipe Group to a hold rating in a report on Tuesday, June 25th. Peel Hunt reiterated an add rating and issued a GBX 455 ($5.95) price objective on shares of Polypipe Group in a report on Monday, August 12th. Peel Hunt restated an add rating and issued a GBX 455 ($5.95) target price on shares of Polypipe Group in a research note on Tuesday, August 13th. Finally, Numis Securities restated an add rating on shares of Polypipe Group in a research note on Thursday, May 16th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of GBX 457 ($5.97).
LON PLP opened at GBX 374 ($4.89) on Wednesday. Polypipe Group has a fifty-two week low of GBX 305.40 ($3.99) and a fifty-two week high of GBX 459.60 ($6.01). The company has a debt-to-equity ratio of 68.59, a quick ratio of 0.94 and a current ratio of 1.51. The stock has a 50 day simple moving average of GBX 416.73 and a two-hundred day simple moving average of GBX 417.91. The stock has a market cap of $747.99 million and a P/E ratio of 15.14.
About Polypipe Group
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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