Royal Bank of Canada reiterated their outperform rating on shares of Coats Group (LON:COA – Get Rating) in a research report sent to investors on Wednesday, Marketbeat.com reports. Royal Bank of Canada currently has a GBX 110 ($1.37) price target on the stock.
COA has been the topic of a number of other reports. Berenberg Bank boosted their price target on shares of Coats Group from GBX 90 ($1.12) to GBX 100 ($1.24) and gave the stock a buy rating in a research report on Friday, March 10th. Jefferies Financial Group reaffirmed a buy rating and set a GBX 102 ($1.27) target price on shares of Coats Group in a research note on Thursday, March 23rd. Finally, Barclays dropped their price objective on shares of Coats Group from GBX 105 ($1.31) to GBX 90 ($1.12) and set an equal weight rating on the stock in a research report on Monday.
Coats Group Trading Down 0.7 %
Shares of Coats Group stock opened at GBX 69.51 ($0.86) on Wednesday. The company has a debt-to-equity ratio of 96.12, a current ratio of 1.75 and a quick ratio of 1.06. The firm has a fifty day moving average price of GBX 74.32 and a 200 day moving average price of GBX 71.58. Coats Group has a 1 year low of GBX 50.30 ($0.63) and a 1 year high of GBX 80.60 ($1.00). The stock has a market cap of £1.11 billion, a PE ratio of 1,750.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.39.
Coats Group Increases Dividend
Insider Buying and Selling at Coats Group
In other news, insider Jackie Callaway acquired 63,773 shares of the company’s stock in a transaction dated Thursday, March 9th. The shares were bought at an average price of GBX 78 ($0.97) per share, for a total transaction of £49,742.94 ($61,869.33). 1.90% of the stock is currently owned by corporate insiders.
Coats Group Company Profile
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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