Polypipe Group plc (LON:PLP) had its price target boosted by equities research analysts at Deutsche Bank AG from GBX 445 ($5.85) to GBX 455 ($5.98) in a research note issued on Monday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 19.39% from the company’s current price.
Several other analysts have also issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a GBX 490 ($6.44) target price on shares of Polypipe Group plc in a research note on Tuesday, September 19th. Berenberg Bank upped their target price on Polypipe Group plc from GBX 360 ($4.73) to GBX 470 ($6.18) and gave the stock a “buy” rating in a research note on Friday, September 1st. reaffirmed an “add” rating and issued a GBX 450 ($5.92) target price on shares of Polypipe Group plc in a research note on Tuesday, November 14th. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 450 ($5.92) target price on shares of Polypipe Group plc in a research note on Tuesday, August 8th. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 465 ($6.12) target price on shares of Polypipe Group plc in a research note on Tuesday, November 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Polypipe Group plc has a consensus rating of “Buy” and an average price target of GBX 463.33 ($6.09).
Polypipe Group plc (LON:PLP) opened at GBX 379.60 ($4.99) on Monday. Polypipe Group plc has a twelve month low of GBX 287 ($3.77) and a twelve month high of GBX 439.50 ($5.78).
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Polypipe Group plc Company Profile
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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