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Home / Momentum / Polypipe (PLP.L) 05-12-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Polypipe (PLP.L) 05-12-19

Polypipe (PLP.L) has been in a strong uptrend. Will it continue to set new recent highs?

 

  • Priced at 510.5p (at time of writing), momentum has been strong.
  • Will it come to an end, or is the trend your friend?
  • Could this be an opportunity for momentum traders?
  • Technical traders should be mindful of new developments, which can have an affect on trends.
  • Shares -0% from 12-month highs; +63% from 12 month lows.

Latest News

20 Nov:  Deutsche Bank reiterates its hold rating on Polypipe Group Plc (PLP) and reduced the target price to 435p (from 445p).

19 Nov:  Peel Hunt has downgraded its rating on Polypipe Group Plc (PLP) to hold (from add) and increased the target price to 475p  (from 455p).

19 Nov:  Polypipe, the water and climate management group, announced that expected underlying profit to be ‘just below’ previous projections.

01 Oct:  Polypipe announced that it had bought Alderburgh for £14m.

14 Aug:  Deutsche Bank today initiates coverage of Polypipe Group Plc (PLP) with a hold rating and target price of 445p.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

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