Share Name Share Symbol Market Type Share ISIN Share Description
Polypipe Group Plc LSE:PLP London Ordinary Share GB00BKRC5K31 ORD GBP0.001
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 0.12% 419.50 460,669 16:35:12
Bid Price Offer Price High Price Low Price Open Price
418.50 420.00 421.00 401.00 414.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 447.60 60.10 24.90 16.8 956
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:04 O 85 419.485 GBX

Polypipe (PLP) Latest News

More Polypipe News
Polypipe Takeover Rumours

Polypipe (PLP) Discussions and Chat

Polypipe Forums and Chat

Date Time Title Posts
08/7/202012:01Plastic Pipes are booming business475

Add a New Thread

Polypipe (PLP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-07-08 16:07:04419.4985356.56O
2020-07-08 16:07:04419.4614.19O
2020-07-08 16:04:48419.527373,091.87O
2020-07-08 16:04:03411.728913,668.44O
2020-07-08 15:59:38411.27157645.70O
View all Polypipe trades in real-time

Polypipe (PLP) Top Chat Posts

Polypipe Daily Update: Polypipe Group Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker PLP. The last closing price for Polypipe was 419p.
Polypipe Group Plc has a 4 week average price of 401p and a 12 week average price of 372p.
The 1 year high share price is 619p while the 1 year low share price is currently 365p.
There are currently 227,966,162 shares in issue and the average daily traded volume is 233,605 shares. The market capitalisation of Polypipe Group Plc is £956,318,049.59.
robow: from Citywire Polypipe valuation attractive, says Numis Piping manufacturer Polypipe (PLP) is still trading on an attractive multiple despite the shares rising 23% in the last year, says Numis. Analyst Christen Hjorth reiterated his ‘add’ recommendation and target price of 450p on the stock after first-half results were ‘broadly in line’ with estimates. ‘The group alludes to an encouraging start to the second half and we therefore leave our profit forecasts unchanged,’ he said. ‘Polypipe has been a strong performer year-to-date, with its share price up 23%. Despite this, the group trades on what we view as an attractive 2020 price/earnings ratio of circa 12 times and dividend yield of 3.3%.’
philanderer: Brokers: While the numbers were a record set of results for the firm, the profit figure was below the £69mln figure expected by analysts at Peel Hunt, who also downgraded their rating on the stock to ‘add’ from ‘buy’ following a recent rally in the share price, which has risen 18% since the start of the year. However, the broker maintained its target price at 455p, saying issues around operational inefficiencies and customer mix changes, which had dented its margins in 2018 had been “largely worked through” and the group was “set to deliver further growth over the next few years”. The sentiment was echoed by analysts at fellow broker Shore Capital, who said the group’s underlying earnings per share (EPS) of 28.4p was “modestly below” their expectations but that the outlook statement was “reasonably positive”.
robow: Get set for double-digit growth from Polypipe Piping manufacturer Polypipe (PLP) is benefiting from price increases and volume growth and could deliver double-digit returns, says Numis. Analyst Christen Hjorth retained his ‘add’ recommendation and target price of 450p on the shares, which rose 6.1% to 376.6p yesterday. He said the interim results were in line with expectations, trading in the second half had started well, and noted the group remained ‘confident of delivering its full year expectations’. ‘Following a 10% year-to-date decline in Polypipe’s share price, the group now trades on a 2019 price/earnings ratio of 11.9x, dividend yield of 3.4% and free cashflow yield of 8.8%,’ he said. ‘Our medium term analysis, which assumes a flat construction backdrop, suggests that Polypipe could deliver a double-digit compound annual growth rate out to 2022.’
bottomfisher: PLP's share price is not being helped by the decision of Standard Life, PLP's biggest shareholder, to continue trimming its stake which has fallen from 13.77% to 10.62% over the last few months. However, it is encouraging to see that Franklin Templeton, a quality name in the investment arena, has just disclosed a 5.16% stake in PLP, making it the company's second biggest shareholder. Let's hope this is a long-term commitment and not a short-term trading play.
bottomfisher: Bit of a worry. The recent weakness in PLP's share price could be due to the steady selling of Standard Life, PLP's biggest shareholder, which has reduced its stake from 13.77% at the end of March to 11.43% currently, selling 4.7m shares. The next three biggest shareholders - Schroders (4.6%), JP Morgan Asset Management ( 4.1%) and Norges Bank (4.8%) have also trimmed their stakes since the start of the year according to the last annual report. Any thoughts on why PLP's biggest shareholders have been reducing their stakes?
jurgenklopp: The share price has been drifting all month although all broker notes remain very positive. Cannot believe there is much more downside.
shauney2: Polypipe undervalued says Numis House broker Numis Securities reiterated its ‘buy’ on Polypipe Group (PLP) after a steep decline in the plastic pipe manufacturer since the Brexit vote in June. Reiterating his share price target of 330p analyst Christen Hjorth commented: ‘Increased uncertainty following the EU referendum has led to Polypipe’s share price declining by 28% year-to-date, with the group now trading on a 2016 price/earnings ratio of 10.5x and a yield of 3.8%.’ He added: ‘In our view, these metrics do not reflect Polypipe’s broad exposure to UK construction activity, track record of market outperformance and strong free cash-flow generation. Indeed, we believe that these factors could lead to a double-digit compounded annual growth rate total shareholder return over the medium term, even if the group’s current rating is held.’ The shares added 4.4p or 1.7% to close yesterday at 258.3p.
bottomfisher: Has the share buyback got anything to do with the apparent decision of PLP's second biggest shareholder, Cantillon Capital, to dispose of its 6.3% stake according to the latest RNS? Cantillon, a savvy US hedge fund, was one of the founding shareholders at the time of the IPO with a 8% stake. Its decision to exit PLP follows last October's exit of Cavendish Square, the major shareholder which sold the company in 2014. Were it not for the steady stake building of Standard Life, which now owns 14.65%, PLP's share price would not have held up as well as it has. Let's hope that the latest set of results will encourage a few more institutions to join a share register dominated by just Standard Life and Schroders.
tiger20: There could be a Company - Sale or Aquisition by the company if so another RNS should come out in next 2/3 days. Are you sure L2 is correct are they buys or sells because I would have thought if they were buys then the share price would rise.
Polypipe share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200708 23:58:45