Numis Securities Reiterates “Buy” Rating for Scapa Group (SCPA)

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Numis Securities reiterated their buy rating on shares of Scapa Group (LON:SCPA) in a report issued on Thursday morning, ThisIsMoney.Co.Uk reports.

Separately, Berenberg Bank reaffirmed a buy rating and set a GBX 520 ($6.79) price target on shares of Scapa Group in a report on Thursday, January 24th.

Shares of LON SCPA traded up GBX 6.50 ($0.08) during trading on Thursday, reaching GBX 388.50 ($5.08). 626,531 shares of the company traded hands, compared to its average volume of 251,665. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 13.44. The company has a market cap of $595.41 million and a PE ratio of 33.21. Scapa Group has a 52-week low of GBX 270.40 ($3.53) and a 52-week high of GBX 492.20 ($6.43).

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.

Further Reading: Average Daily Trade Volume – ADTV

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