Coats Group (LON:COA) Shares Pass Above 50-Day Moving Average – Here’s Why

Coats Group plc (LON:COAGet Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 81.09 and traded as high as GBX 84.90. Coats Group shares last traded at GBX 84.90, with a volume of 1,319,733 shares changing hands.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 130 price target on shares of Coats Group in a research report on Monday, November 10th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 125 price objective on shares of Coats Group in a research note on Friday, November 7th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Coats Group currently has an average rating of “Buy” and an average target price of GBX 121.67.

Check Out Our Latest Analysis on Coats Group

Coats Group Trading Up 2.0%

The company has a debt-to-equity ratio of 103.51, a quick ratio of 1.06 and a current ratio of 1.20. The firm has a market capitalization of £1.63 billion, a P/E ratio of 17.51, a PEG ratio of 0.92 and a beta of 1.40. The firm has a 50 day simple moving average of GBX 81.09 and a two-hundred day simple moving average of GBX 79.59.

Insider Buying and Selling at Coats Group

In other news, insider David Paja purchased 250,000 shares of the business’s stock in a transaction that occurred on Friday, October 17th. The shares were acquired at an average cost of GBX 78 per share, for a total transaction of £195,000. 3.19% of the stock is owned by insiders.

Coats Group Company Profile

(Get Free Report)

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.

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