Peel Hunt Reaffirms Buy Rating for Polypipe Group (PLP)

Polypipe Group (LON:PLP)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a research report issued to clients and investors on Monday. They presently have a GBX 465 ($6.31) price objective on the stock. Peel Hunt’s price objective would suggest a potential upside of 13.25% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Jefferies Group reaffirmed a “buy” rating and issued a GBX 490 ($6.64) price objective on shares of Polypipe Group in a research note on Tuesday, September 19th. Deutsche Bank reaffirmed a “buy” rating on shares of Polypipe Group in a research note on Monday, November 27th. Numis Securities reaffirmed an “add” rating and issued a GBX 450 ($6.10) price objective on shares of Polypipe Group in a research note on Tuesday, November 14th. reaffirmed an “add” rating and issued a GBX 450 ($6.10) price objective on shares of Polypipe Group in a research note on Tuesday, November 14th. Finally, Barclays started coverage on shares of Polypipe Group in a research note on Monday, November 27th. They issued an “overweight” rating and a GBX 426 ($5.78) price objective for the company. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 458 ($6.21).

Shares of Polypipe Group (LON:PLP) opened at GBX 410.60 ($5.57) on Monday. Polypipe Group has a one year low of GBX 327.70 ($4.44) and a one year high of GBX 439.50 ($5.96). The firm has a market cap of $818.23 and a PE ratio of 1,785.22.

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Polypipe Group 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).

Analyst Recommendations for Polypipe Group (LON:PLP)

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