Trading Report: Today, Polypipe Group PLC (PLP) Earns Buy Rating from Deutsche Bank AG

Today, Polypipe Group PLC (PLP) Earns Buy Rating from Deutsche Bank AG

Deutsche Bank AG restated their buy rating on shares of Polypipe Group PLC (LON:PLP) in a report released on Thursday morning. They currently have a GBX 361 ($4.40) price objective on the stock.

PLP has been the subject of a number of other reports. Peel Hunt restated a hold rating and set a GBX 350 ($4.27) price target on shares of Polypipe Group PLC in a report on Monday, August 15th. Jefferies Group decreased their price target on shares of Polypipe Group PLC from GBX 350 ($4.27) to GBX 240 ($2.93) and set a hold rating for the company in a report on Wednesday, June 29th. Numis Securities Ltd restated a buy rating and set a GBX 370 ($4.51) price target on shares of Polypipe Group PLC in a report on Tuesday, August 16th. Finally, Berenberg Bank cut their price objective on shares of Polypipe Group PLC from GBX 395 ($4.81) to GBX 360 ($4.39) and set a buy rating for the company in a research report on Wednesday, August 17th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Polypipe Group PLC presently has an average rating of Buy and a consensus target price of GBX 336.20 ($4.10).

Polypipe Group PLC (LON:PLP) opened at 264.40 on Thursday. The stock’s 50 day moving average price is GBX 281.44 and its 200 day moving average price is GBX 284.01. The firm’s market capitalization is GBX 526.88 million. Polypipe Group PLC has a 12 month low of GBX 217.00 and a 12 month high of GBX 360.00.

The business also recently disclosed a dividend, which was paid on Friday, September 23rd. Stockholders of record on Thursday, August 25th were given 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 Polypipe Group PLC news, insider Marsh,Ron purchased 75,000 shares of the company’s stock in a transaction that occurred on Monday, September 19th. The stock was purchased at an average price of GBX 279 ($3.40) per share, with a total value of £209,250 ($255,027.42).

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