Scapa Group (LON:SCPA) Price Target Lowered to GBX 250 at Berenberg Bank
Scapa Group (LON:SCPA) had its price objective trimmed by Berenberg Bank from GBX 300 ($3.95) to GBX 250 ($3.29) in a research report released on Wednesday morning, Stock Target Advisor reports. The firm currently has a buy rating on the stock.
Separately, Jefferies Financial Group boosted their price objective on Scapa Group from GBX 300 ($3.95) to GBX 320 ($4.21) and gave the stock a buy rating in a report on Tuesday, January 21st.
Shares of LON:SCPA traded up GBX 5.40 ($0.07) during trading hours on Wednesday, hitting GBX 194 ($2.55). 1,058,488 shares of the company’s stock traded hands, compared to its average volume of 251,665. Scapa Group has a 52 week low of GBX 145 ($1.91) and a 52 week high of GBX 404 ($5.31). The company has a debt-to-equity ratio of 54.61, a quick ratio of 0.75 and a current ratio of 1.32. The company’s fifty day simple moving average is GBX 258.48 and its two-hundred day simple moving average is GBX 233.36. The company has a market cap of $301.17 million and a price-to-earnings ratio of 485.00.
Scapa Group plc, together with its subsidiaries, manufactures and sells bonding products and adhesive components for applications in the healthcare and industrial markets in Europe, North America, and Asia. It offers aluminum foil, acrylic foam, barnier system, cable wrapping, cloth, double sided and transfer, double and single sided foam, foam plate mounting, heatseal, packaging, paper masking, PIB sheeting, polyethylene, PVC, self-amalgamating, and specialist film tapes, as well as resins and putties.
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