Scapa Group plc (SCPA) Rating Reiterated by N+1 Singer

Scapa Group plc (LON:SCPA)‘s stock had its “buy” rating reissued by equities researchers at N+1 Singer in a research report issued on Wednesday, reports. They currently have a GBX 309 ($3.82) price objective on the stock. N+1 Singer’s target price points to a potential upside of 9.67% from the stock’s current price.

A number of other brokerages have also recently commented on SCPA. Numis Securities Ltd raised their target price on Scapa Group plc from GBX 280 ($3.47) to GBX 310 ($3.84) and gave the company a “hold” rating in a report on Wednesday. Berenberg Bank restated a “buy” rating and set a GBX 310 ($3.84) target price on shares of Scapa Group plc in a report on Friday, July 1st.

Shares of Scapa Group plc (LON:SCPA) traded up 3.73% during trading on Wednesday, reaching GBX 292.25. 427,996 shares of the company’s stock traded hands. Scapa Group plc has a one year low of GBX 174.75 and a one year high of GBX 297.75. The stock’s market cap is GBX 438.47 million. The company has a 50 day moving average price of GBX 260.55 and a 200-day moving average price of GBX 253.08.

In other news, insider Hardcastle,Graham purchased 20,000 shares of the company’s stock in a transaction on Thursday, August 25th. The stock was bought at an average cost of GBX 246 ($3.04) per share, for a total transaction of £49,200 ($60,891.09). Also, insider Carter,Christopher sold 74,398 shares of the company’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of GBX 255 ($3.16), for a total value of £189,714.90 ($234,795.67).

About Scapa Group plc

Scapa Group plc is a United Kingdom-based holding company for a group of companies operating in the manufacture of bonding materials and solutions. The Company’s products include bonding solutions used in wiring harness for electrical distribution, seat heating systems and assembly applications. Its segments include Healthcare, Industrial and Electronics.

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