After Today’s Huge Decline, Is SCS Group PLC’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is SCS Group PLC's Near Term Analysis Negative?

The stock of SCS Group PLC (LON:SCS) is a huge mover today! The stock decreased 8.07% or GBX 14.75 on November 3, hitting GBX 168. About 187,880 shares traded hands or 703.56% up from the average. SCS Group PLC (LON:SCS) has declined 9.89% since April 7, 2016 and is downtrending. It has underperformed by 11.11% the S&P500.
The move comes after 8 months negative chart setup for the GBX 67.08M company. It was reported on Nov, 3 by Barchart.com. We have GBX 144.48 PT which if reached, will make LON:SCS worth GBX 9.39M less.

SCS Group PLC (LON:SCS) Ratings Coverage

Out of 2 analysts covering SCS Group Plc (LON:SCS), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. SCS Group Plc has been the topic of 15 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by FinnCap on Wednesday, January 6. FinnCap maintained it with “Buy” rating and GBX 205.90 target price in Friday, April 8 report. The firm has “Buy” rating by FinnCap given on Tuesday, April 12. Investec maintained the shares of SCS in a report on Monday, January 11 with “Buy” rating. The rating was maintained by FinnCap on Tuesday, August 9 with “Buy”. On Wednesday, August 12 the stock rating was maintained by Investec with “Buy”. The rating was maintained by FinnCap with “Buy” on Tuesday, October 4. The stock of SCS Group PLC (LON:SCS) earned “Buy” rating by Investec on Wednesday, November 18. The stock of SCS Group PLC (LON:SCS) has “Buy” rating given on Tuesday, January 19 by FinnCap. The rating was maintained by Investec with “Buy” on Tuesday, December 15.

Another recent and important SCS Group PLC (LON:SCS) news was published by Fool.Co.Uk which published an article titled: “4 dividend champions: SCS Group plc (7%), Standard Life plc (6.1%), Games …” on June 21, 2016.

ScS Group plc is a United Kingdom-based retailer of sofas and flooring. The company has a market cap of 67.08 million GBP. The Company’s business includes the upholstered furniture business and the flooring business. It has a 8.2 P/E ratio. The upholstered furniture business specializes primarily in the retail of fabric and leather sofas and chairs.

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