Polypipe Group PLC (LON:PLP) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Polypipe Group PLC (LON:PLP) have earned a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 515.25 ($6.56).

A number of research firms have weighed in on PLP. Jefferies Financial Group reduced their price objective on Polypipe Group from GBX 626 ($7.97) to GBX 576 ($7.33) and set a “buy” rating for the company in a research note on Thursday, March 19th. Peel Hunt reiterated a “hold” rating on shares of Polypipe Group in a research note on Thursday, May 7th. Berenberg Bank cut Polypipe Group to a “hold” rating and dropped their target price for the company from GBX 520 ($6.62) to GBX 480 ($6.11) in a research report on Monday, June 8th. Shore Capital restated an “under review” rating on shares of Polypipe Group in a research report on Thursday, May 7th. Finally, Deutsche Bank upgraded Polypipe Group to a “buy” rating and raised their target price for the company from GBX 435 ($5.54) to GBX 550 ($7.00) in a research report on Wednesday, March 18th.

PLP stock traded down GBX 1.50 ($0.02) during midday trading on Monday, reaching GBX 418.50 ($5.33). The stock had a trading volume of 337,227 shares, compared to its average volume of 499,664. The stock has a market cap of $954.03 million and a PE ratio of 17.01. The company has a debt-to-equity ratio of 58.94, a quick ratio of 0.78 and a current ratio of 1.37. The firm has a fifty day simple moving average of GBX 445.79 and a two-hundred day simple moving average of GBX 497.05. Polypipe Group has a 52-week low of GBX 365 ($4.65) and a 52-week high of GBX 620 ($7.89).

Polypipe Group (LON:PLP) last issued its earnings results on Tuesday, March 17th. The company reported GBX 29.60 ($0.38) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of GBX 28.70 ($0.37) by GBX 0.90 ($0.01). On average, sell-side analysts predict that Polypipe Group will post 2657.1569869 EPS for the current fiscal year.

The business also recently announced a dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, April 23rd were issued a dividend of GBX 8.10 ($0.10) per share. This is a boost from Polypipe Group’s previous dividend of $4.00. This represents a dividend yield of 1.67%. The ex-dividend date of this dividend was Thursday, April 23rd. Polypipe Group’s payout ratio is currently 0.49%.

Polypipe Group Company Profile

Polypipe Group plc, through its subsidiaries, designs, develops, and manufactures plastic piping systems, water management solutions, and climate management solutions in the United Kingdom, other European countries, and internationally. The company offers above and below ground drainage pipes; cable protection, sewer system, surface water drainage, water management, and mining pipes; water and gas distribution pipes; pressure systems; underfloor heating pipes and manifolds, underfloor heating controls, red floor panels, overlay systems, suspended floor systems, clip rail systems, and staple systems; and ventilation systems, including rigid ducts, radial products, decentralized mechanical extract ventilation, intermittent extract fans, mechanical ventilation with heat recovery, and mechanical extract ventilation systems.

Featured Story: The basics of gap trading strategies

Analyst Recommendations for Polypipe Group (LON:PLP)

Receive News & Ratings for Polypipe Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polypipe Group and related companies with MarketBeat.com's FREE daily email newsletter.