Scapa Group plc (SCPA) Given New GBX 310 Price Target at Numis Securities Ltd
Scapa Group plc (LON:SCPA) had its price target upped by equities researchers at Numis Securities Ltd from GBX 280 ($3.47) to GBX 310 ($3.84) in a research note issued to investors on Wednesday. The brokerage currently has a “hold” rating on the stock. Numis Securities Ltd’s price target suggests a potential upside of 10.03% from the stock’s previous close.
Separately, Berenberg Bank reissued 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 293.25 on Wednesday. The company’s market capitalization is GBX 439.97 million. Scapa Group plc has a 12-month low of GBX 174.75 and a 12-month high of GBX 297.75. The stock’s 50 day moving average is GBX 260.55 and its 200-day moving average is GBX 253.08.
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In related news, insider Davin,Joseph sold 202,500 shares of the firm’s 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 value of £516,375 ($639,077.97). Also, insider Christopher Carter sold 83,102 shares of the firm’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 transaction 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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