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Polypipe Group Plc (LON:PLP) target price raised to 361.00GBX, reported today by Deutsche Bank

Polypipe Group Plc (LON:PLP) had its stock price target increased to 361.00GBX by Deutsche Bank in a report released Thursday October 13, 2016. The new target price indicates a possible upside of 0.35% from the company's last stock close price.

Yesterday Polypipe Group Plc (LON:PLP) traded -1.03% lower at 268.15GBX. The company’s 50-day moving average is 283.86GBX and its 200-day moving average is 285.23GBX. The last stock close price is down -6.11% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 28,162 shares of the stock were exchanged, down from an average trading volume of 1,058,140

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Polypipe Group Plc (LON:PLP)

Polypipe Group Plc has a 52 week low of 217.00GBX and a 52 week high of 360.00GBX with a P/E ratio of 13.39 The company’s market cap is currently 0 GBX.

In addition to Deutsche Bank reporting its target price, a total of 5 firms have reported on the stock. The consensus target price is 347.40GBX with 0 analysts rating the company a strong buy, two analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

Brief Synopsis On Polypipe Group Plc (LON:PLP)

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). The Company conceives, designs and manufactures a range of systems to manage water and enable carbon-efficient heating and ventilation for all sectors of the construction industry. Its solutions include surface water management and treatment, flood defense, rainwater harvesting to the recycling of water for re-use in flushing toilets. It focuses on the United Kingdom, French and Irish building and construction markets with a presence in Italy and the Middle East, and sales to specific niches in the rest of the world. The Company operates from approximately 20 facilities in total, and with over 20,000 product lines.

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