Coats Group plc (LON:COA) Insider Srinivas Phatak Acquires 22,727 Shares

Coats Group plc (LON:COA) insider Srinivas Phatak acquired 22,727 shares of the business’s stock in a transaction dated Monday, July 21st. The shares were bought at an average price of GBX 77 ($1.04) per share, for a total transaction of £17,499.79 ($23,590.98).

Coats Group Stock Performance

COA stock opened at GBX 73 ($0.98) on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 103.51. The firm has a market cap of £1.47 billion, a P/E ratio of 24.54, a P/E/G ratio of 0.92 and a beta of 1.40. Coats Group plc has a 12-month low of GBX 64.80 ($0.87) and a 12-month high of GBX 104.20 ($1.40). The stock’s 50 day simple moving average is GBX 78.30 and its 200 day simple moving average is GBX 81.43.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on COA shares. Berenberg Bank restated a “buy” rating and issued a GBX 125 ($1.69) price objective on shares of Coats Group in a report on Thursday, July 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 110 ($1.48) target price on shares of Coats Group in a research report on Wednesday, July 16th.

About Coats Group

Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data and the environment.