Numis Securities Upgrades Scapa Group (LON:SCPA) to “Add”

Numis Securities upgraded shares of Scapa Group (LON:SCPA) to an add rating in a research note published on Tuesday, December 19th. The brokerage currently has GBX 485 ($6.58) target price on the stock.

Several other research analysts have also issued reports on SCPA. N+1 Singer raised shares of Scapa Group to a buy rating and set a GBX 490 ($6.64) target price on the stock in a research note on Thursday, October 5th. Berenberg Bank reaffirmed a buy rating and issued a GBX 500 ($6.78) target price on shares of Scapa Group in a research note on Friday, October 6th.

Shares of Scapa Group (LON SCPA) traded up GBX 5.18 ($0.07) during trading hours on Tuesday, reaching GBX 458.18 ($6.21). 129,444 shares of the company’s stock were exchanged, compared to its average volume of 207,312. Scapa Group has a 12-month low of GBX 317 ($4.30) and a 12-month high of GBX 522.39 ($7.08). The company has a market cap of $703.77 and a price-to-earnings ratio of 3,272.71.

Scapa Group (LON:SCPA) last issued its quarterly earnings data on Tuesday, November 21st. The company reported GBX 8.30 ($0.11) EPS for the quarter. Scapa Group had a net margin of 7.90% and a return on equity of 21.69%. The firm had revenue of £145.60 million for the quarter.

In other Scapa Group news, insider Graham Hardcastle bought 15,000 shares of Scapa Group stock in a transaction dated Monday, November 27th. The shares were bought at an average price of GBX 482 ($6.54) per share, with a total value of £72,300 ($98,047.19).

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About Scapa Group

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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