Shares of Polypipe Group PLC (LON:PLP) have received an average recommendation of “Buy” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 482.50 ($6.30).
Several research firms have issued reports on PLP. Peel Hunt reiterated a “buy” rating and set a GBX 465 ($6.08) target price on shares of Polypipe Group in a research report on Tuesday, August 14th. Numis Securities reiterated an “add” rating on shares of Polypipe Group in a research report on Tuesday, August 14th. Berenberg Bank restated a “buy” rating and issued a GBX 490 ($6.40) price target on shares of Polypipe Group in a report on Tuesday, August 14th. Finally, Shore Capital restated a “buy” rating on shares of Polypipe Group in a report on Tuesday, November 20th.
LON PLP traded up GBX 0.20 ($0.00) on Friday, hitting GBX 342 ($4.47). 342,766 shares of the company’s stock were exchanged, compared to its average volume of 499,664. Polypipe Group has a fifty-two week low of GBX 327.70 ($4.28) and a fifty-two week high of GBX 439.50 ($5.74).
Polypipe Group plc, through its subsidiaries, designs, develops, and manufactures plastic piping systems, water management solutions, and ventilation systems in the United Kingdom, other European countries, and internationally. The company offers above and below ground drainage, and rainwater drainage systems; plumbing tools and accessories, plastic plumbing fittings, and plumbing and heating pipes; underfloor heating products; and ventilation systems, including rigid duct, radial semi-rigid duct, mechanical ventilation with heat recovery, mechanical extract ventilation, intermittent extract fan, and decentralized mechanical extract ventilation systems.
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