SCS Group (LON:SCS) Earns House Stock Rating from Shore Capital

Shore Capital reissued their house stock rating on shares of SCS Group (LON:SCS) in a research note released on Wednesday, Digital Look reports.

Other research analysts also recently issued research reports about the stock. Peel Hunt reiterated a buy rating and issued a GBX 250 ($3.27) target price on shares of SCS Group in a report on Tuesday, October 1st. Peel Hunt reiterated a buy rating and issued a GBX 250 ($3.27) target price on shares of SCS Group in a report on Tuesday, October 1st. Finally, Berenberg Bank reiterated a house stock rating on shares of SCS Group in a report on Thursday, August 1st.

SCS Group stock opened at GBX 216 ($2.82) on Wednesday. The company has a market capitalization of $86.42 million and a P/E ratio of 7.88. SCS Group has a 1-year low of GBX 189.50 ($2.48) and a 1-year high of GBX 265 ($3.46). The firm’s fifty day simple moving average is GBX 238.46 and its 200-day simple moving average is GBX 231.42.

The company also recently announced a dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be issued a GBX 11.20 ($0.15) dividend. The ex-dividend date is Thursday, November 7th. This represents a yield of 4.62%. SCS Group’s dividend payout ratio (DPR) is presently 0.62%.

In related news, insider Paul Daccus sold 6,250,000 shares of SCS Group stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of GBX 220 ($2.87), for a total value of £13,750,000 ($17,966,810.40). Also, insider David Knight sold 45,809 shares of SCS Group stock in a transaction on Thursday, October 17th. The stock was sold at an average price of GBX 234 ($3.06), for a total transaction of £107,193.06 ($140,066.72).

About SCS Group

ScS Group plc, together with its subsidiaries, engages in the retail of upholstered furniture, flooring, and related products in the United Kingdom. Its stores offer various upholstered furniture products, including fabric and leather sofas; and flooring products, such as carpets, and laminate and vinyl flooring products.

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