Berenberg Bank reissued their buy rating on shares of Coats Group (LON:COA - Free Report) in a research note published on Thursday morning, MarketBeat reports. They currently have a GBX 135 ($1.74) price objective on the stock.
Coats Group Trading Down 2.8 %
LON COA traded down GBX 2.30 ($0.03) during mid-day trading on Thursday, reaching GBX 81.10 ($1.04). 4,624,486 shares of the stock were exchanged, compared to its average volume of 6,961,425. The stock has a market capitalization of £1.63 billion, a PE ratio of 27.26, a PEG ratio of 0.92 and a beta of 1.40. The company has a debt-to-equity ratio of 103.51, a quick ratio of 1.06 and a current ratio of 1.20. Coats Group has a 1-year low of GBX 73.50 ($0.95) and a 1-year high of GBX 104.20 ($1.34). The business's fifty day simple moving average is GBX 90.68 and its 200 day simple moving average is GBX 94.59.
Insider Activity
In other news, insider David Paja bought 150,000 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of GBX 83 ($1.07) per share, with a total value of £124,500 ($160,293.55). Also, insider Steve Murray purchased 35,000 shares of the stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of GBX 95 ($1.22) per share, with a total value of £33,250 ($42,809.32). Insiders acquired a total of 335,000 shares of company stock valued at $30,025,000 over the last quarter. Company 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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