Polypipe Group (PLP) Stock Rating Upgraded by Peel Hunt

Polypipe Group (LON:PLP) was upgraded by stock analysts at Peel Hunt to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a GBX 465 ($6.26) price objective on the stock. Peel Hunt’s price target would suggest a potential upside of 25.07% from the stock’s current price.

PLP has been the topic of several other reports. Numis Securities reiterated an “add” rating and issued a GBX 450 ($6.06) price objective on shares of Polypipe Group in a research report on Tuesday, November 14th. Deutsche Bank reissued a “buy” rating on shares of Polypipe Group in a research note on Monday, August 14th. Barclays started coverage on shares of Polypipe Group in a research note on Monday, November 27th. They set an “overweight” rating and a GBX 426 ($5.73) target price on the stock. Jefferies Group reissued a “buy” rating and set a GBX 490 ($6.59) target price on shares of Polypipe Group in a research note on Tuesday, September 19th. Finally, Berenberg Bank raised their target price on shares of Polypipe Group from GBX 360 ($4.85) to GBX 470 ($6.33) and gave the company a “buy” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 458 ($6.16).

Shares of Polypipe Group (LON:PLP) opened at GBX 371.90 ($5.01) on Wednesday. Polypipe Group has a 1-year low of GBX 300 ($4.04) and a 1-year high of GBX 439.50 ($5.92).

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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).

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