Scapa Group (LON:SCPA) Receives Buy Rating from Numis Securities

Numis Securities reiterated their buy rating on shares of Scapa Group (LON:SCPA) in a report published on Wednesday, June 5th, Digital Look reports.

Separately, Berenberg Bank reiterated a buy rating and set a GBX 520 ($6.79) price objective on shares of Scapa Group in a research note on Monday, June 3rd.

Shares of SCPA stock traded down GBX 6.40 ($0.08) on Wednesday, hitting GBX 185.40 ($2.42). The company’s stock had a trading volume of 675,729 shares, compared to its average volume of 251,665. The company has a market cap of $287.61 million and a P/E ratio of 35.65. The company has a debt-to-equity ratio of 48.06, a current ratio of 1.40 and a quick ratio of 0.84. 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 business has a 50 day simple moving average of GBX 259.09.

The company also recently disclosed 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. This represents a yield of 0.95%. This is an increase from Scapa Group’s previous dividend of $2.40. The ex-dividend date of this dividend is Thursday, July 25th. Scapa Group’s dividend payout ratio is presently 0.58%.

In related news, insider Heejae Chae bought 109,700 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was purchased at an average price of GBX 184 ($2.40) per share, with a total value of £201,848 ($263,750.16).

Scapa Group Company Profile

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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