Ratings Don’t Lie: Analysts at FinnCap Maintained their “Buy” rating for Scs Group (LON:SCS) with GBX 230.00 Price Objective

November 23, 2016 - By Winifred Garcia

Scs Group (LON:SCS) Rating

Scs Group (LON:SCS) had its stock rating noted as “Buy” by analysts at FinnCap. FinnCap currently has a GBX 230.00 target price per share on the 68.82 million GBP market cap company or 34.90% upside potential. This was revealed in analysts report on 23 November.

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. GBX 230 is the highest target while GBX 165 is the lowest. The GBX 215 average target is 26.49% above today’s (GBX 169.97) stock price. SCS Group Plc has been the topic of 17 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, January 21 by FinnCap. The stock of SCS Group PLC (LON:SCS) earned “Buy” rating by FinnCap on Tuesday, January 19. As per Tuesday, January 19, the company rating was maintained by Investec. FinnCap maintained the stock with “Buy” rating in Wednesday, January 6 report. The rating was maintained by Investec on Wednesday, August 12 with “Buy”. On Friday, November 4 the stock rating was maintained by FinnCap with “Buy”. The stock of SCS Group PLC (LON:SCS) has “Buy” rating given on Wednesday, November 23 by FinnCap. On Wednesday, November 18 the stock rating was maintained by Investec with “Buy”. The stock of SCS Group PLC (LON:SCS) has “Buy” rating given on Tuesday, August 9 by FinnCap. The stock of SCS Group PLC (LON:SCS) has “Buy” rating given on Friday, March 4 by Investec.

About 36,833 shares traded hands or 22.99% up from the average. 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 2016 Q2. Its up 0.19, from 1.11 in 2016Q1. The ratio is positive, 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.

United Svcs Automobile Association holds 0.02% of its portfolio in SCS Group PLC (LON:SCS) for 361,490 shares. Highbridge Cap Management Lc accumulated 49,307 shares or 0.01% of the stock. Aperio Gru Limited Co holds 24,456 shares or 0% of its portfolio. Teachers Advisors Inc holds 0% of its portfolio in SCS Group PLC (LON:SCS) for 132,984 shares. Prudential Public Ltd Co, a Illinois-based fund reported 1.56 million shares. Envestnet Asset Mngmt Incorporated, a Illinois-based fund reported 13,062 shares. D E Shaw And Communications has 328,905 shares for 0.01% of their US portfolio. Nationwide Fund Advsrs has 0.02% invested in the company for 322,333 shares. Walthausen And Limited Liability Com last reported 758,482 shares in the company. Sg Americas Secs reported 54,164 shares or 0.01% of all its holdings. Tfs Cap Ltd Co has 13,869 shares for 0.03% of their US portfolio. Eqis Capital Management holds 32,424 shares or 0.03% of its portfolio. Mutual Of America Capital Mgmt Ltd Liability Co has invested 0.03% of its portfolio in SCS Group PLC (LON:SCS). Stifel last reported 0% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) reported 3,418 shares or 0% of all its holdings.

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 68.82 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 8.3 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.”

SCS Company Profile

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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