November 23, 2016 - By Nellie Frank
In analysts note revealed to investors and clients on Wednesday morning, SCS Group Plc (LON:SCS) stock had its “Buy” Rating reaffirmed by research analysts at finnCap. They currently have a GBX 230.00 TP on firm. finnCap’s target means a potential upside of 37.11% from the company’s last stock close.
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. GBX 230 is the highest target while GBX 165 is the lowest. The GBX 215 average target is 29.18% above today’s (GBX 166.43) stock price. SCS Group Plc has been the topic of 17 analyst reports since August 12, 2015 according to StockzIntelligence Inc. On Wednesday, January 6 the stock rating was maintained by FinnCap with “Buy”. FinnCap maintained it with “Buy” rating and GBX 206 target price in Tuesday, January 19 report. The company was maintained on Tuesday, January 19 by Investec. The rating was maintained by Investec with “Buy” on Wednesday, August 12. As per Friday, March 4, the company rating was maintained by Investec. On Tuesday, October 4 the stock rating was maintained by FinnCap with “Buy”. FinnCap maintained it with “Buy” rating and GBX 206 target price in Thursday, January 21 report. The stock of SCS Group PLC (LON:SCS) has “Buy” rating given on Monday, January 11 by Investec. The company was maintained on Friday, April 8 by FinnCap. On Wednesday, November 23 the stock rating was maintained by FinnCap with “Buy”.
About 18,727 shares traded hands. SCS Group PLC (LON:SCS) has declined 11.98% since April 26, 2016 and is downtrending. It has underperformed by 17.31% the S&P500.
Insitutional Activity: The institutional sentiment increased to 1.3 in Q2 2016. Its up 0.19, from 1.11 in 2016Q1. The ratio improved, as 25 funds sold all SCS Group PLC shares owned while 57 reduced positions. 22 funds bought stakes while 69 increased positions. They now own 73.99 million shares or 5.22% less from 78.06 million shares in 2016Q1.
Navellier & Associate holds 63,564 shares or 0.13% of its portfolio. Automobile Association has 0.02% invested in the company for 361,490 shares. First Trust Advisors Ltd Partnership last reported 0% of its portfolio in the stock. Teacher Retirement Sys Of Texas last reported 0% of its portfolio in the stock. Gru Inc reported 49,566 shares or 0% of all its holdings. Kcg Holdings Inc owns 14,133 shares or 0% of their US portfolio. Bancshares Of Montreal Can has invested 0% of its portfolio in SCS Group PLC (LON:SCS). Spitfire Capital holds 621,993 shares or 3.93% of its portfolio. Royal Bank & Trust Of Canada has invested 0% of its portfolio in SCS Group PLC (LON:SCS). Bessemer Group Inc Inc has invested 0% of its portfolio in SCS Group PLC (LON:SCS). Mutual Of America Cap Management Limited accumulated 93,508 shares or 0.03% of the stock. Vantage Advsr Ltd Llc holds 0.02% or 2,620 shares in its portfolio. Channing Capital Llc, a Illinois-based fund reported 2.34M shares. Engineers Gate Manager Lp holds 76,022 shares or 0.07% of its portfolio. Shelton Mgmt holds 0.03% or 26,000 shares in its portfolio.
ScS Group plc is engaged in the provision of upholstered furniture and flooring, trading under the brand name, ScS. The company has a market cap of 67.38 million GBP. The Firm specializes in fabric and leather sofas, and sells a range of branded and ScS branded products sold under registered trademarks, including Endurance and SiSi Italia. It has a 8.12 P/E ratio. The Firm also offers a range of third-party brands, including La-Z-Boy, G Plan and Parker Knoll.
According to Zacks Investment Research, “Steelcase Inc. is a designer and manufacturer of products used to create high-performance work environments. Its product portfolio includes furniture systems, seating, storage, desks, casegoods, interior architectural products, technology products and related products and services. The company reports two geographic furniture segments: North America and International.”
Steelcase Inc., incorporated on March 16, 1912, provides an integrated portfolio of furniture settings, user-centered technologies and interior architectural products. The Company’s divisions include Americas, EMEA and Other Category. The Company’s furniture portfolio includes panel and freestanding furniture systems, and complementary products, such as storage, tables and ergonomic worktools. The Company’s seating products include task chairs, which are ergonomic seating that can be used in collaborative or casual settings and specialty seating for specific vertical markets, such as healthcare and education. The Company’s technology solutions support group collaboration by integrating furniture and technology. The Company’s interior architectural products include full and partial height walls and doors. It also offers services, which include workplace strategy consulting, lease origination services, furniture and asset management and hosted spaces. The Company’s family of brands includes Steelcase, Coalesse, Designtex, PolyVision and Turnstone.
More news for SCS Group PLC (LON:SCS) were recently published by: Fool.Co.Uk, which released: “4 dividend champions: SCS Group plc (7%), Standard Life plc (6.1%), Games …” on June 21, 2016. Rttnews.com‘s article titled: “ScS Group Announces Pricing Of IPO At 175p/shr – Quick Facts” and published on January 23, 2015 is yet another important article.
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By Nellie Frank