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

Coats Group plc (LON:COA)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 80.65 and traded as high as GBX 81.60. Coats Group shares last traded at GBX 80, with a volume of 4,937,040 shares.

Wall Street Analyst Weigh In

COA has been the topic of several analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 130 price target on shares of Coats Group in a report on Monday, November 10th. Peel Hunt restated a “buy” rating and set a GBX 125 target price on shares of Coats Group in a research report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 121.67.

Coats Group Price Performance

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’s 50-day moving average price is GBX 80.65 and its two-hundred day moving average price is GBX 78.95. The stock has a market cap of £1.53 billion, a PE ratio of 16.49, a PEG ratio of 0.92 and a beta of 1.40.

Insiders Place Their Bets

In related news, insider David Paja bought 250,000 shares of the stock in a transaction on Friday, October 17th. The stock was bought at an average price of GBX 78 per share, for a total transaction of £195,000. 3.19% of the stock is currently owned by corporate insiders.

About Coats Group

Coats is a world-leading Tier 2 manufacturer and trusted partner for the apparel and footwear industries. We deliver essential materials, components, and software solutions that help our customers grow, compete and win.
With over 250 years of industry expertise, we’re shaping the future of the apparel and footwear supply chain through insight-led innovation, impactful sustainability practices, and digital technologies that unlock better product quality, efficiency and performance.
Headquartered in the UK, Coats is a FTSE 250 company and a constituent of the FTSE4Good Index.