We design, develop and manufacture the most comprehensive range of plastic piping products in the UK, with over 20,000 products available. Our primary focus is on developing and supporting pragmatic product systems through specific knowledge and understanding of the residential, commercial, civils and infrastructure market sectors. We ensure that customers can trust our significant sales and technical expertise to provide value engineered, fit for purpose piping solutions for the growing diversity and complexity of construction and building technology challenges they face. -

Last year Polypipe generated sales of £301m and adjusted cash profits of £54m, giving an adjusted operating margin of 18 per cent.

Polypipe’s birth as a publicly-listed company comes at a time when the Construction Products Association is estimating that spending on roads, water and sewage, electricity and rail is expected to grow by 8.3 per cent this year, and rising in 2015 by 18.2 per cent. And on the house construction side, output is expected to grow to pre-recession levels some time next year. Given its strong position as the UK’s leading plastic pipe manufacturer, the company could be an interesting one to watch.

http://www.polypipe.com/

Can see 320p dc before it goes tits up, not to put toooo fine a point on it. Have to be a bit nervous outside bollinger band by a country mile, but trend is your friend apparently :0)

A couple of days old Chris,

Proactive investor -


Polypipe shares worth around 70p more - Peel Hunt
Share
10:33 15 Nov 2016
Broker Peel Hunt upgraded the share to 'add' from 'hold' on the back of strong trading

Polypipe makes plastic pipes used in residential and commercial markets
Broker Peel Hunt piped up on plastic pipe maker Polypipe Group (LON:PLP) on Monday and upgraded the share to 'add' from 'hold' on the back of strong trading.
Like-for-like (LFL) revenues in the last four months at the group are up 5.1% with the UK business seeing LFL growth of 8%, noted the broker, adding there had been no impact on revenues or orders since the UK vote to leave the EU.
Driven by growth across the residential, infrastructure and commercial markets, the broker has upgraded its 2016 profit-before tax forecasts by around 3% and left  top end 2017 numbers unchanged.
The broker has a target price of 350p on the shares, which are up over 7% on the day, at 278.6p.
Revenue for the ten months to end October was 23.7% higher at £370.3mln (2015: £299.3mln), with overseas revenue benefitting from the weaker sterling exchange rate.
"The decline in sterling has adversely impacted our polymer input costs, although we are confident of recovering this impact through increasing our selling prices, as we have successfully done in the past," the firm said earlier

Plop! Santa Rally dc?

Cannot see a lot in santa's sack this year. :-))

You never know dc :0) Good company.

I was talking of a over all santa rally. :-)) Construction will recover once the uncertainty of the economy goes. After all we need more houses.

For now dc seems to be sticking in there above 200DMA, may well test 310p again. Watching :0)

320p looks odds on :0)

9 Dec
Deutsche Bank
381.00
Buy

Well there is 320p dc, stick or twist? :0)

Well done Chris, for the other part of your question ? Happy Christmas Chris. :-))

Merry Christmas dc :0)

Numis picks its top stocks for Jan 2017 -

Polypipe was its smaller company pick, which was downgraded to 'add' from 'buy' with a price target of 330p. The broker felt the company has a broad-based exposure to UK construction activity with a track record of outperforming its markets. This and its strong operational gearing and relatively clean balance sheet will lead to earnings outperformance, according to Numis.

LATEST BROKER VIEWS

Date Broker New target Recomm.
4 Jan Deutsche Bank 409.00 Buy
9 Dec Deutsche Bank 381.00 Buy
5 Dec Jefferies... 350.00 Buy
15 Nov Numis 330.00 Buy
14 Nov Deutsche Bank N/A Buy
2 Nov Numis 330.00 Buy
18 Oct Peel Hunt 350.00 Hold
13 Oct Deutsche Bank 361.00 Buy
7 Sep Deutsche Bank N/A Buy
17 Aug Deutsche Bank 361.00 Buy
Broker Recommendations for Polypipe Group

Just keeps on grinding higher, barring a market crash 360p seems a reasonable target.
If it get's there either a triple top or breakout from last Septembers high. Place your bets :0)

LATEST BROKER VIEWS

Date Broker New target Recomm.
4 Jan Deutsche Bank 409.00 Buy
9 Dec Deutsche Bank 381.00 Buy
5 Dec Jefferies... 350.00 Buy
15 Nov Numis 330.00 Buy
14 Nov Deutsche Bank N/A Buy
2 Nov Numis 330.00 Buy
18 Oct Peel Hunt 350.00 Hold
13 Oct Deutsche Bank 361.00 Buy
7 Sep Deutsche Bank N/A Buy
17 Aug Deutsche Bank 361.00 Buy

I bet you prefer the 4 Jan broker view. Nice and steady climb. :-))

Who wouldn't dc :0) probably tank now.

Taken some profits here, leave the rest running.