Scapa Group (LON:SCPA) had its target price reduced by Jefferies Financial Group from GBX 450 ($5.88) to GBX 300 ($3.92) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
A number of other equities research analysts also recently weighed in on the stock. Numis Securities reiterated a buy rating on shares of Scapa Group in a research note on Wednesday, June 5th. Berenberg Bank reiterated a buy rating and set a GBX 520 ($6.79) price target on shares of Scapa Group in a research note on Monday, June 3rd.
SCPA opened at GBX 199 ($2.60) on Friday. Scapa Group has a fifty-two week low of GBX 145 ($1.89) and a fifty-two week high of GBX 473.80 ($6.19). The company has a debt-to-equity ratio of 48.06, a current ratio of 1.40 and a quick ratio of 0.84. The business’s fifty day simple moving average is GBX 273.26. The firm has a market capitalization of $308.71 million and a P/E ratio of 38.27.
The firm also recently declared a dividend, which will be paid on Friday, August 23rd. Shareholders of record on Thursday, July 25th will be paid a dividend of GBX 2.90 ($0.04) per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a yield of 0.95%. This is an increase from Scapa Group’s previous dividend of $2.40. Scapa Group’s payout ratio is currently 0.58%.
In other Scapa Group news, insider Heejae Chae purchased 109,700 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were purchased at an average price of GBX 184 ($2.40) per share, for a total transaction of £201,848 ($263,750.16).
About Scapa Group
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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