N+1 Singer Reaffirms Buy Rating for Scapa Group plc (SCPA)
Scapa Group plc (LON:SCPA)‘s stock had its “buy” rating reissued by equities researchers at N+1 Singer in a research report issued to clients and investors on Wednesday. They currently have a GBX 309 ($3.82) target price on the stock. N+1 Singer’s price target suggests a potential upside of 5.91% from the stock’s previous close.
A number of other brokerages also recently issued reports on SCPA. Numis Securities Ltd lifted their price target on Scapa Group plc from GBX 280 ($3.47) to GBX 310 ($3.84) and gave the company a “hold” rating in a research report on Wednesday. Berenberg Bank reiterated a “buy” rating and set a GBX 310 ($3.84) price target on shares of Scapa Group plc in a research report on Friday, July 1st.
Shares of Scapa Group plc (LON:SCPA) traded up 3.55% during mid-day trading on Wednesday, reaching GBX 291.75. The company had a trading volume of 505,493 shares. The firm’s market capitalization is GBX 437.72 million. The stock has a 50 day moving average price of GBX 261.69 and a 200 day moving average price of GBX 253.35. Scapa Group plc has a 12-month low of GBX 174.75 and a 12-month high of GBX 297.75.
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In other news, insider Carter,Christopher sold 74,398 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of GBX 255 ($3.16), for a total transaction of £189,714.90 ($234,795.67). Also, insider Christopher Carter sold 83,102 shares of the business’s stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of GBX 267 ($3.30), for a total value of £221,882.34 ($274,606.86).
About Scapa Group plc
Scapa Group plc is a United Kingdom-based holding company for a group of companies operating in the manufacture of bonding materials and solutions. The Company’s products include bonding solutions used in wiring harness for electrical distribution, seat heating systems and assembly applications. Its segments include Healthcare, Industrial and Electronics.
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