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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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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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