Coats Group (LON:COA) Hits New 52-Week High – What’s Next?

Shares of Coats Group plc (LON:COA) reached a new 52-week high during trading on Friday . The stock traded as high as GBX 94.70 and last traded at GBX 94.70, with a volume of 3468061 shares. The stock had previously closed at GBX 93.40.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on COA shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 130 target price on shares of Coats Group in a research report on Monday, November 10th. Peel Hunt reaffirmed a “buy” rating and set 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, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 121.67.

Coats Group Stock Performance

The business has a fifty day moving average of GBX 86.14 and a 200-day moving average of GBX 82.16. 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 company has a market cap of £1.79 billion, a PE ratio of 19.24, a P/E/G ratio of 0.92 and a beta of 1.40.

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.