Numis Securities Ltd Raises Scapa Group plc (SCPA) Price Target to GBX 310
Scapa Group plc (LON:SCPA) had its target price boosted by Numis Securities Ltd from GBX 280 ($3.47) to GBX 310 ($3.84) in a note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 10.03% from the stock’s previous close.
Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 310 ($3.84) price objective on shares of Scapa Group plc in a research report on Friday, July 1st.
Scapa Group plc (LON:SCPA) opened at 294.25 on Wednesday. The firm’s market cap is GBX 441.47 million. Scapa Group plc has a 1-year low of GBX 174.75 and a 1-year high of GBX 297.75. The firm has a 50-day moving average price of GBX 260.55 and a 200 day moving average price of GBX 253.08.
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In other news, insider Davin,Joseph sold 202,500 shares of Scapa Group plc stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of GBX 255 ($3.16), for a total transaction of £516,375 ($639,077.97). Also, insider Hardcastle,Graham bought 20,000 shares of the stock in a transaction dated Thursday, August 25th. The shares were acquired at an average price of GBX 246 ($3.04) per share, with a total value of £49,200 ($60,891.09).
Scapa Group plc Company Profile
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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