Scapa Group plc (SCPA) Given New GBX 500 Price Target at Berenberg Bank

Scapa Group plc (LON:SCPA) had its price target raised by Berenberg Bank from GBX 480 ($6.25) to GBX 500 ($6.51) in a research report released on Wednesday. They currently have a buy rating on the stock.

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Several other research firms have also recently issued reports on SCPA. Numis Securities Ltd reiterated an add rating and set a GBX 475 ($6.19) target price on shares of Scapa Group plc in a research report on Tuesday, July 18th. N+1 Singer reiterated a hold rating and set a GBX 490 ($6.38) target price on shares of Scapa Group plc in a research report on Wednesday.

Shares of Scapa Group plc (SCPA) traded down 0.32% on Wednesday, hitting GBX 472.50. The stock had a trading volume of 183,796 shares. The stock’s market capitalization is GBX 719.85 million. Scapa Group plc has a 52 week low of GBX 235.25 and a 52 week high of GBX 522.39. The firm has a 50-day moving average price of GBX 474.47 and a 200-day moving average price of GBX 415.48.

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The firm also recently announced a dividend, which will be paid on Friday, August 18th. Investors of record on Thursday, July 20th will be given a dividend of GBX 2 ($0.03) per share. The ex-dividend date is Thursday, July 20th. This represents a dividend yield of 0.44%. This is a boost from Scapa Group plc’s previous dividend of $1.75.

About Scapa Group plc

Scapa Group Plc is a holding company for a group of companies operating in the manufacture of bonding products and adhesive components for applications in the healthcare and industrial markets. The Company operates through two segments: Industrial and Healthcare. Its Industrial segment manufactures and delivers a portfolio of adhesive bonding solutions and applications.