Coats Group (LON:COA) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Coats Group plc (LON:COA) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 76.63 ($1.04) and traded as low as GBX 75.30 ($1.02). Coats Group shares last traded at GBX 76.30 ($1.03), with a volume of 4,634,867 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 130 price target on shares of Coats Group in a research report on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 110 price target on shares of Coats Group in a research report on Wednesday, July 16th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 120.

Coats Group Stock Performance

The stock has a 50-day moving average of GBX 76.63 and a 200-day moving average of GBX 77.65. The firm has a market cap of £1.46 billion, a price-to-earnings ratio of 1,573.20, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The company has a debt-to-equity ratio of 103.51, a quick ratio of 1.06 and a current ratio of 1.20.

Insider Transactions at Coats Group

In related news, insider Hannah Nichols purchased 129,870 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was purchased at an average cost of GBX 77 per share, for a total transaction of £99,999.90. Also, insider David Gosnell purchased 129,870 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was bought at an average price of GBX 77 per share, with a total value of £99,999.90. Over the last 90 days, insiders purchased 912,985 shares of company stock valued at $69,999,845. 3.75% of the stock is owned by insiders.

Coats Group Company Profile

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.