Coats Group plc (LON:COA) Insider Purchases £145,500 in Stock

Coats Group plc (LON:COA - Get Free Report) insider David Paja bought 150,000 shares of the stock in a transaction on Wednesday, October 9th. The shares were bought at an average cost of GBX 97 ($1.27) per share, with a total value of £145,500 ($190,420.10).

Coats Group Trading Up 0.7 %

Shares of Coats Group stock traded up GBX 0.70 ($0.01) during trading hours on Wednesday, reaching GBX 97.20 ($1.27). 1,855,882 shares of the company's stock were exchanged, compared to its average volume of 3,015,551. The firm has a market capitalization of £1.55 billion, a price-to-earnings ratio of 1,943.96, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 97.61. Coats Group plc has a 52-week low of GBX 64.30 ($0.84) and a 52-week high of GBX 104.20 ($1.36). The company has a fifty day moving average of GBX 98.64 and a 200-day moving average of GBX 88.78.

Coats Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 17th will be paid a dividend of $0.01 per share. This represents a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, October 17th. Coats Group's dividend payout ratio is currently 4,000.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 90 ($1.18) target price on shares of Coats Group in a research note on Thursday, July 4th. Berenberg Bank upped their target price on Coats Group from GBX 120 ($1.57) to GBX 135 ($1.77) and gave the company a "buy" rating in a report on Wednesday, September 4th.

Coats Group Company Profile

Coats Group plc, together with its subsidiaries, manufactures and supplies industrial sewing threads worldwide. The company provides threads, yarns, zips, trims, composites, and fabrics for use in apparel, such as children's wear, denims, intimate and underwear, ladieswear, leather wear, menswear, sports and activewear, and workwear & uniforms; handbags, luggage, bags, and fashion accessories; dress and casual, protective, and sports footwear; home textiles, mattress and beddings, outdoor goods, and sporting goods; cut protection, fire services, healthcare PPE, industrial thermal, and military purposes; automotive, marine, and tyre cord applications; telecoms and energy cables; and tea bags, and medical and filtration purpose.