Deutsche Bank AG restated their buy rating on shares of Polypipe Group PLC (LON:PLP) in a research report sent to investors on Thursday morning. The brokerage currently has a GBX 361 ($4.47) price objective on the stock.
Several other equities research analysts also recently weighed in on the company. Berenberg Bank decreased their price target on Polypipe Group PLC from GBX 395 ($4.89) to GBX 360 ($4.46) and set a buy rating for the company in a report on Wednesday, August 17th. Numis Securities Ltd reaffirmed a buy rating and set a GBX 370 ($4.58) price target on shares of Polypipe Group PLC in a report on Tuesday, August 16th. Peel Hunt reaffirmed a hold rating and set a GBX 350 ($4.33) price target on shares of Polypipe Group PLC in a report on Monday, August 15th. Finally, Jefferies Group reduced their target price on Polypipe Group PLC from GBX 350 ($4.33) to GBX 240 ($2.97) and set a hold rating for the company in a report on Wednesday, June 29th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of GBX 336.20 ($4.16).
Polypipe Group PLC (LON:PLP) traded down 0.37% during midday trading on Thursday, hitting GBX 266.50. 133,764 shares of the stock were exchanged. Polypipe Group PLC has a one year low of GBX 217.00 and a one year high of GBX 360.00. The firm has a 50-day moving average price of GBX 283.32 and a 200-day moving average price of GBX 285.10. The stock’s market cap is GBX 531.06 million.
The company also recently declared a dividend, which was paid on Friday, September 23rd. Stockholders of record on Thursday, August 25th were paid a dividend of GBX 3.10 ($0.04) per share. This represents a dividend yield of 1.11%. The ex-dividend date was Thursday, August 25th.
In other news, insider Marsh,Ron purchased 75,000 shares of the business’s stock in a transaction dated Monday, September 19th. The stock was acquired at an average price of GBX 279 ($3.45) per share, with a total value of £209,250 ($258,972.77).
About Polypipe Group PLC
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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