Coats Group (LON:COA) Given Outperform Rating at Royal Bank of Canada

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

The firm also recently declared a dividend, which will be paid on Thursday, May 25th. Shareholders of record on Thursday, April 27th will be given a dividend of $0.02 per share. This represents a yield of 1.94%. This is a boost from Coats Group’s previous dividend of $0.01. The ex-dividend date of this dividend is Thursday, April 27th. Coats Group’s payout ratio is 5,000.00%.

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

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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.