Scapa Group (SCPA) Upgraded to “Add” at Numis Securities
Scapa Group (LON:SCPA) was upgraded by stock analysts at Numis Securities to an “add” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a GBX 485 ($6.53) price target on the stock. Numis Securities’ target price indicates a potential upside of 11.49% from the company’s previous close.
Other equities analysts have also issued reports about the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 500 ($6.73) price objective on shares of Scapa Group in a research note on Friday, October 6th. N+1 Singer raised Scapa Group to a “buy” rating and set a GBX 490 ($6.59) price objective on the stock in a research note on Thursday, October 5th.
Scapa Group (SCPA) traded down GBX 4.75 ($0.06) during trading on Tuesday, reaching GBX 435 ($5.85). The company had a trading volume of 173,588 shares, compared to its average volume of 270,380. The stock has a market cap of $668.17 and a PE ratio of 3,107.14. Scapa Group has a 1 year low of GBX 316.75 ($4.26) and a 1 year high of GBX 522.39 ($7.03).
In other news, insider Graham Hardcastle purchased 15,000 shares of the stock in a transaction dated Monday, November 27th. The stock was acquired at an average cost of GBX 482 ($6.49) per share, for a total transaction of £72,300 ($97,308.21).
Scapa Group Company Profile
Scapa Group plc is a United Kingdom-based global supplier of bonding solutions and manufacturer of adhesive-based products for the Healthcare and Industrial markets. The Company has a global footprint, with production sites in Asia, Europe and the United States. The Company conducts the activities through two distinct and separate businesses: Healthcare and Industrial business units.
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