How Analysts Feel About Polypipe Group PLC After Today’s Huge Decline?

 How Analysts Feel About Polypipe Group PLC After Today's Huge Decline?

The stock of Polypipe Group PLC (LON:PLP) is a huge mover today! The stock increased 1.52% or GBX 4.38 on November 22, hitting GBX 292.68. About 362,836 shares traded hands. Polypipe Group PLC (LON:PLP) has declined 3.29% since April 22, 2016 and is downtrending. It has underperformed by 7.84% the S&P500.
The move comes after 7 months negative chart setup for the GBX 580.32M company. It was reported on Nov, 22 by Barchart.com. We have GBX 280.97 PT which if reached, will make LON:PLP worth GBX 23.21 million less.

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. On Tuesday, August 16 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The firm has “Buy” rating given on Monday, February 1 by Deutsche Bank. Deutsche Bank maintained Polypipe Group PLC (LON:PLP) rating on Thursday, October 13. Deutsche Bank has “Buy” rating and GBX 361 price target. The stock has “Buy” rating given by Deutsche Bank on Monday, November 16. The stock of Polypipe Group PLC (LON:PLP) has “Buy” rating given on Wednesday, August 17 by Deutsche Bank. The rating was maintained by Numis Securities on Tuesday, August 16 with “Buy”. The stock of Polypipe Group PLC (LON:PLP) earned “Buy” rating by Deutsche Bank on Wednesday, September 7. The stock of Polypipe Group PLC (LON:PLP) earned “Hold” rating by Peel Hunt on Monday, February 8. The stock has “Buy” rating given by Numis Securities on Wednesday, August 5. Canaccord Genuity maintained Polypipe Group PLC (LON:PLP) on Thursday, August 6 with “Buy” rating.

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 580.32 million GBP. The Company’s divisions include Residential Piping Systems, Commercial and Infrastructure Piping Systems , and Commercial and Infrastructure (Mainland Europe). It has a 14.64 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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