Berenberg Bank Reaffirms Buy Rating for Scapa Group plc (SCPA)

Berenberg Bank reiterated their buy rating on shares of Scapa Group plc (LON:SCPA) in a research note published on Friday morning. The firm currently has a GBX 500 ($6.63) target price on the stock.

Several other analysts also recently commented on the stock. N+1 Singer upgraded shares of Scapa Group plc to a buy rating and set a GBX 490 ($6.50) target price on the stock in a report on Thursday. Numis Securities Ltd restated an add rating and set a GBX 475 ($6.30) target price on shares of Scapa Group plc in a report on Wednesday, August 9th.

Scapa Group plc (SCPA) opened at 463.00 on Friday. The firm’s market cap is GBX 705.38 million. The firm has a 50-day moving average of GBX 443.58 and a 200 day moving average of GBX 440.47. Scapa Group plc has a 1-year low of GBX 255.88 and a 1-year high of GBX 522.39.

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In other news, insider Christopher Carter sold 22,190 shares of Scapa Group plc stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of GBX 462 ($6.13), for a total value of £102,517.80 ($135,983.29). Also, insider Heejae Chae sold 336,364 shares of Scapa Group plc stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of GBX 455 ($6.04), for a total transaction of £1,530,456.20 ($2,030,052.00).

Scapa Group plc 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

Several other analysts also recently commented on the stock. N+1 Singer upgraded shares of Scapa Group plc to a buy rating and set a GBX 490 ($6.50) target price on the stock in a report on Thursday. Numis Securities Ltd restated an add rating and set a GBX 475 ($6.30) target price on shares of Scapa Group plc in a report on Wednesday, August 9th.

Scapa Group plc (SCPA) opened at 463.00 on Friday. The firm’s market cap is GBX 705.38 million. The firm has a 50-day moving average of GBX 443.58 and a 200 day moving average of GBX 440.47. Scapa Group plc has a 1-year low of GBX 255.88 and a 1-year high of GBX 522.39.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/09/berenberg-bank-reaffirms-buy-rating-for-scapa-group-plc-scpa.html.

In other news, insider Christopher Carter sold 22,190 shares of Scapa Group plc stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of GBX 462 ($6.13), for a total value of £102,517.80 ($135,983.29). Also, insider Heejae Chae sold 336,364 shares of Scapa Group plc stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of GBX 455 ($6.04), for a total transaction of £1,530,456.20 ($2,030,052.00).

Scapa Group plc 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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