Berenberg Bank Cuts Scapa Group (LON:SCPA) Price Target to GBX 250

Scapa Group (LON:SCPA) had its price target reduced by Berenberg Bank from GBX 300 ($3.95) to GBX 250 ($3.29) in a report released on Wednesday, Stock Target Advisor reports. They currently have a buy rating on the stock.

Separately, Jefferies Financial Group lifted 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 SCPA opened at GBX 193.60 ($2.55) on Wednesday. The company has a debt-to-equity ratio of 54.61, a current ratio of 1.32 and a quick ratio of 0.75. Scapa Group has a one year low of GBX 145 ($1.91) and a one year high of GBX 404 ($5.31). The firm has a market capitalization of $300.55 million and a P/E ratio of 484.00. The business has a fifty day moving average of GBX 256.63 and a 200 day moving average of GBX 233.45.

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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