Scapa Group plc (SCPA) Announces Quarterly Earnings Results
Scapa Group plc (LON:SCPA) released its quarterly earnings data on Tuesday. The company reported GBX 8.30 ($0.11) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Scapa Group plc had a net margin of 7.56% and a return on equity of 23.98%. The company had revenue of GBX 1,456 billion during the quarter.
Shares of Scapa Group plc (LON:SCPA) traded down £464.97 ($611.56) during mid-day trading on Thursday, hitting GBX 478 ($6.29). 160,295 shares of the stock traded hands, compared to its average volume of 264,520. Scapa Group plc has a fifty-two week low of GBX 280.50 ($3.69) and a fifty-two week high of GBX 522.39 ($6.87).
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SCPA has been the subject of several research reports. N+1 Singer upgraded shares of Scapa Group plc to a “buy” rating and set a GBX 490 ($6.44) price objective for the company in a research note on Thursday, October 5th. Numis Securities Ltd downgraded shares of Scapa Group plc to a “hold” rating and set a GBX 475 ($6.25) price objective for the company. in a research note on Monday, October 9th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 500 ($6.58) price objective on shares of Scapa Group plc in a research note on Friday, October 6th.
Scapa Group plc is a United Kingdom-based global supplier of bonding solutions and manufacturer of adhesive-based products for the Healthcare and Industrial markets. The Company has a global footprint, with production sites in Asia, Europe and the United States. The Company conducts the activities through two distinct and separate businesses: Healthcare and Industrial business units.
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