Coats Group plc (LON:COA - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 93.81 ($1.16) and traded as low as GBX 93 ($1.15). Coats Group shares last traded at GBX 94.40 ($1.17), with a volume of 497,184 shares changing hands.
Analysts Set New Price Targets
Separately, Berenberg Bank lifted their price objective on shares of Coats Group from GBX 120 ($1.49) to GBX 135 ($1.67) and gave the stock a "buy" rating in a research report on Wednesday, September 4th.
Check Out Our Latest Research Report on COA
Coats Group Stock Down 0.4 %
The firm's 50-day moving average price is GBX 94.95 and its 200 day moving average price is GBX 93.91. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 97.61. The company has a market capitalization of £1.49 billion, a price-to-earnings ratio of 1,880.00, a PEG ratio of 0.92 and a beta of 1.40.
Insider Buying and Selling at Coats Group
In related news, insider David Paja acquired 150,000 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of GBX 95 ($1.18) per share, with a total value of £142,500 ($176,383.22). Also, insider Steve Murray purchased 35,000 shares of the stock in a transaction dated Monday, December 16th. The shares were bought at an average price of GBX 95 ($1.18) per share, with a total value of £33,250 ($41,156.08). Insiders bought a total of 335,000 shares of company stock worth $32,125,000 over the last three months. Corporate insiders own 1.65% of the company's stock.
Coats Group Company Profile
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About Coats Group plc
Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data, and the environment.
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