Scapa Group plc (SCPA) Insider Acquires £72,300 in Stock

Scapa Group plc (LON:SCPA) insider Graham Hardcastle bought 15,000 shares of Scapa Group stock in a transaction dated Monday, November 27th. The stock was purchased at an average cost of GBX 482 ($6.46) per share, for a total transaction of £72,300 ($96,826.03).

Scapa Group plc (LON:SCPA) opened at GBX 492 ($6.59) on Friday. Scapa Group plc has a 1-year low of GBX 296.50 ($3.97) and a 1-year high of GBX 522.39 ($7.00).

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

SCPA has been the topic of several recent analyst reports. N+1 Singer reissued a “hold” rating and issued a GBX 490 ($6.56) target price on shares of Scapa Group in a research note on Wednesday, August 9th. Numis Securities restated an “add” rating and issued a GBX 475 ($6.36) price target on shares of Scapa Group in a report on Wednesday, August 9th. Finally, Berenberg Bank upped their price target on shares of Scapa Group from GBX 480 ($6.43) to GBX 500 ($6.70) and gave the stock a “buy” rating in a report on Wednesday, August 9th.

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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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