Polypipe Group PLC (PLP) Receives Buy Rating from Deutsche Bank AG

Polypipe Group PLC (LON:PLP)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank AG in a note issued to investors on Monday. They presently have a GBX 447 ($5.82) target price on the stock. Deutsche Bank AG’s price target suggests a potential upside of 9.99% from the company’s previous close.

PLP has been the topic of several other research reports. Peel Hunt boosted their price target on shares of Polypipe Group PLC from GBX 405 ($5.27) to GBX 465 ($6.06) and gave the company an “add” rating in a research report on Monday, June 19th. Jefferies Group LLC boosted their price target on shares of Polypipe Group PLC from GBX 410 ($5.34) to GBX 490 ($6.38) and gave the company a “buy” rating in a research report on Monday, June 26th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 360 ($4.69) price target on shares of Polypipe Group PLC in a research report on Tuesday, April 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 442.40 ($5.76).

Polypipe Group PLC (LON:PLP) opened at 404.90 on Monday. The company’s market cap is GBX 802.86 million. The stock’s 50 day moving average is GBX 395.10 and its 200-day moving average is GBX 380.66. Polypipe Group PLC has a 52-week low of GBX 243.90 and a 52-week high of GBX 439.50.

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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).

Analyst Recommendations for Polypipe Group PLC (LON:PLP)

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