Coats Group (OTCMKTS:CGGGF) Given New GBX 90 Price Target at Barclays

Coats Group (OTCMKTS:CGGGF – Get Rating) had its target price reduced by Barclays from GBX 105 ($1.31) to GBX 90 ($1.12) in a report released on Monday morning, The Fly reports.

Several other equities analysts also recently issued reports on CGGGF. Royal Bank of Canada lifted their price objective on Coats Group from GBX 100 ($1.24) to GBX 110 ($1.37) in a research report on Thursday, May 11th. Berenberg Bank lifted their price objective on Coats Group from GBX 90 ($1.12) to GBX 100 ($1.24) in a research report on Monday, March 13th.

Coats Group Stock Performance

Shares of CGGGF opened at $0.95 on Monday. The stock has a fifty day moving average price of $0.94 and a two-hundred day moving average price of $0.75. Coats Group has a 52-week low of $0.83 and a 52-week high of $0.96.

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.