Coats Group (LON:COA) Hits New 1-Year High – What’s Next?

Coats Group plc (LON:COA) hit a new 52-week high on Thursday . The company traded as high as GBX 95.60 and last traded at GBX 95.10, with a volume of 1464281 shares traded. The stock had previously closed at GBX 87.40.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 130 price objective on shares of Coats Group in a research report on Monday, November 10th. Peel Hunt reiterated a “buy” rating and set a GBX 125 target price on shares of Coats Group in a report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Coats Group has an average rating of “Buy” and a consensus price target of GBX 121.67.

Coats Group Stock Down 2.7%

The firm has a market capitalization of £1.77 billion, a P/E ratio of 19.07, a PEG ratio of 0.92 and a beta of 1.31. The firm’s 50-day moving average is GBX 87.02 and its 200 day moving average is GBX 82.69. The company has a debt-to-equity ratio of 12.93, a quick ratio of 1.06 and a current ratio of 1.56.

Coats Group Company Profile

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.