The stock of Polypipe Group PLC (LON:PLP) is a huge mover today! The stock increased 1.53% or GBX 4.36 on November 16, hitting GBX 289.57. About 1.03M shares traded hands or 169.75% up from the average. Polypipe Group PLC (LON:PLP) has declined 7.82% since April 18, 2016 and is downtrending. It has underperformed by 12.51% the S&P500.
The move comes after 7 months positive chart setup for the GBX 632.23M company. It was reported on Nov, 16 by Barchart.com. We have GBX 477.79 PT which if reached, will make LON:PLP worth GBX 410.95M more.
Polypipe Group PLC (LON:PLP) Ratings Coverage
Out of 7 analysts covering Polypipe Group Plc (LON:PLP), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Polypipe Group Plc has been the topic of 41 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock with “Buy” rating in Monday, November 14 report. As per Tuesday, May 31, the company rating was maintained by Deutsche Bank. The rating was maintained by Berenberg with “Buy” on Wednesday, August 17. The stock of Polypipe Group PLC (LON:PLP) has “Buy” rating given on Wednesday, August 5 by Numis Securities. The stock of Polypipe Group PLC (LON:PLP) earned “Hold” rating by Peel Hunt on Thursday, March 31. The rating was maintained by Deutsche Bank on Thursday, October 13 with “Buy”. Peel Hunt maintained Polypipe Group PLC (LON:PLP) rating on Friday, January 8. Peel Hunt has “Hold” rating and GBX 330 price target. As per Thursday, August 6, the company rating was maintained by Canaccord Genuity. The firm has “Hold” rating by Peel Hunt given on Wednesday, May 25. Cantor Fitzgerald maintained Polypipe Group PLC (LON:PLP) rating on Tuesday, August 16. Cantor Fitzgerald has “Buy” rating and GBX 400 price target.
Polypipe Group plc is a United Kingdom maker of plastic piping systems for the residential, commercial, civil and infrastructure sectors. The company has a market cap of 632.23 million GBP. The Company’s divisions include Residential Piping Systems, Commercial and Infrastructure Piping Systems , and Commercial and Infrastructure (Mainland Europe). It has a 14.48 P/E ratio. The Firm conceives, creates and makes a range of systems to manage water and enable carbon-efficient heating and ventilation for all sectors of the construction industry.
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