Coats Group (LON:COA) Sets New 52-Week Low at $55.20

Shares of Coats Group plc (LON:COAGet Rating) hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 55.20 ($0.67) and last traded at GBX 55.20 ($0.67), with a volume of 797574 shares changing hands. The stock had previously closed at GBX 57.50 ($0.69).

Wall Street Analyst Weigh In

Several brokerages recently commented on COA. Berenberg Bank reiterated a “buy” rating and issued a GBX 90 ($1.09) target price on shares of Coats Group in a report on Wednesday, June 8th. Barclays increased their price target on Coats Group from GBX 81 ($0.98) to GBX 90 ($1.09) and gave the stock an “equal weight” rating in a report on Thursday, August 4th. Finally, Royal Bank of Canada restated an “outperform” rating and set a GBX 100 ($1.21) price target on shares of Coats Group in a report on Tuesday.

Coats Group Price Performance

The stock has a market capitalization of £894.77 million and a P/E ratio of 920.00. The business has a fifty day simple moving average of GBX 63.73 and a 200-day simple moving average of GBX 68.01. The company has a debt-to-equity ratio of 62.26, a quick ratio of 1.06 and a current ratio of 1.66.

Coats Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, November 16th. Shareholders of record on Thursday, October 20th will be issued a dividend of $0.01 per share. This represents a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, October 20th. Coats Group’s payout ratio is 35.17%.

About Coats Group

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Coats Group plc, together with its subsidiaries, manufactures and supplies industrial threads worldwide. The company provides apparel and footwear, and accessories threads for sport/athleisure, denim, women wear, menswear, children's wear, leather wear, workwear, footwear, and intimates and underwear under Epic, Dual Duty, Seamsoft, Nylbond, Gral, Gramax, Astra, Sylko, Knit, EcoVerde, Eloflex, and Drybond brands; zips, trims, and crafting's for use in zips, interlinings, reflective tapes, and crafting products under Opti, Signal, and Connect brands; and software solutions that enables supply chain productivity gains and enhances supply and facilitating compliance under Coats Digital, FastReactPlan, VisionPLM, GSDCost, Intellocut, and Intellobuy.

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