Scapa Group plc (SCPA) Rating Reiterated by Berenberg Bank
Scapa Group plc (LON:SCPA)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research report issued to clients and investors on Monday. They presently have a GBX 480 ($6.17) target price on the stock. Berenberg Bank’s price objective suggests a potential downside of 5.14% from the stock’s previous close.
Several other research firms have also commented on SCPA. Numis Securities Ltd reissued an “add” rating and issued a GBX 475 ($6.10) target price on shares of Scapa Group plc in a report on Tuesday, May 23rd. N+1 Singer reissued a “buy” rating and issued a GBX 405 ($5.20) target price on shares of Scapa Group plc in a report on Thursday, April 13th.
Scapa Group plc (LON:SCPA) opened at 507.50 on Monday. The stock’s 50 day moving average is GBX 422.44 and its 200 day moving average is GBX 357.71. The stock’s market capitalization is GBX 770.38 million. Scapa Group plc has a 12-month low of GBX 224.75 and a 12-month high of GBX 513.00.
The company also recently announced a dividend, which will be paid on Friday, August 18th. Shareholders of record on Thursday, July 20th will be issued a GBX 2 ($0.03) dividend. This is a positive change from Scapa Group plc’s previous dividend of $1.75. This represents a yield of 0.44%. The ex-dividend date of this dividend is Thursday, July 20th.
ILLEGAL ACTIVITY NOTICE: This report was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was copied illegally and republished in violation of US and international trademark and copyright law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/06/05/scapa-group-plc-scpa-rating-reiterated-by-berenberg-bank.html.
Scapa Group plc Company Profile
Scapa Group Plc is a holding company for a group of companies operating in the manufacture of bonding products and adhesive components for applications in the healthcare and industrial markets. The Company operates through two segments: Industrial and Healthcare. Its Industrial segment manufactures and delivers a portfolio of adhesive bonding solutions and applications.
Receive News & Ratings for Scapa Group plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scapa Group plc and related companies with MarketBeat.com's FREE daily email newsletter.