Could Scapa Group plc See a Reversal After This Very Strong Session?

 Could Scapa Group plc See a Reversal After This Very Strong Session?

The stock of Scapa Group plc (LON:SCPA) is a huge mover today! The stock increased 1.20% or GBX 3.64 on November 23, hitting GBX 307.89. About 1.29M shares traded hands or 350.71% up from the average. Scapa Group plc (LON:SCPA) has risen 25.85% since April 25, 2016 and is uptrending. It has outperformed by 20.52% the S&P500.
The move comes after 7 months positive chart setup for the GBX 468.84 million company. It was reported on Nov, 23 by Barchart.com. We have GBX 317.13 PT which if reached, will make LON:SCPA worth GBX 14.07 million more.

Scapa Group plc (LON:SCPA) Ratings Coverage

Out of 4 analysts covering Scapa Group (LON:SCPA), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. GBX 340 is the highest target while GBX 210 is the lowest. The GBX 317 average target is 2.96% above today’s (GBX 307.89) stock price. Scapa Group has been the topic of 23 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, July 19 the stock rating was maintained by Cantor Fitzgerald with “Hold”. Numis Securities downgraded the stock to “Hold” rating in Tuesday, November 24 report. Cantor Fitzgerald maintained the shares of SCPA in a report on Thursday, June 2 with “Hold” rating. The stock of Scapa Group plc (LON:SCPA) has “Hold” rating given on Tuesday, October 13 by Cantor Fitzgerald. The firm earned “Add” rating on Tuesday, November 22 by Numis Securities. The firm has “Corporate” rating given on Tuesday, November 24 by N+1 Singer. The firm has “Buy” rating given on Tuesday, November 22 by N+1 Singer. Numis Securities upgraded Scapa Group plc (LON:SCPA) on Friday, November 27 to “Add” rating. The stock has “Corporate” rating given by N+1 Singer on Tuesday, October 13. Berenberg maintained the shares of SCPA in a report on Friday, July 1 with “Buy” rating.

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 has a market cap of 468.84 million GBP. The Firm operates through two divisions: Industrial and Healthcare. It has a 79.87 P/E ratio. The Company’s Industrial segment makes and delivers a portfolio of adhesive bonding solutions and applications.

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