Peel Hunt Reiterates “Add” Rating for Polypipe Group (LON:PLP)

Peel Hunt reaffirmed their add rating on shares of Polypipe Group (LON:PLP) in a report issued on Monday morning, Digital Look reports. The firm currently has a GBX 455 ($5.95) price target on the stock.

Several other equities research analysts also recently issued reports on the company. Shore Capital restated a buy rating on shares of Polypipe Group in a report on Thursday, May 23rd. Numis Securities reaffirmed an add rating on shares of Polypipe Group in a research report on Thursday, May 16th. Finally, Jefferies Financial Group cut Polypipe Group to a hold rating in a research report on Tuesday, June 25th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Polypipe Group has a consensus rating of Hold and a consensus price target of GBX 457 ($5.97).

Shares of Polypipe Group stock opened at GBX 379.20 ($4.95) on Monday. Polypipe Group has a 1 year low of GBX 305.40 ($3.99) and a 1 year high of GBX 459.60 ($6.01). The business has a 50-day moving average of GBX 418.14 and a two-hundred day moving average of GBX 418.13. The company has a market capitalization of $758.39 million and a P/E ratio of 15.54. The company has a debt-to-equity ratio of 63.83, a current ratio of 1.30 and a quick ratio of 0.72.

The company also recently disclosed a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be given a dividend of GBX 4 ($0.05) per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a dividend yield of 1%. Polypipe Group’s dividend payout ratio is currently 0.49%.

Polypipe Group Company Profile

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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Analyst Recommendations for Polypipe Group (LON:PLP)

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