Coats Group (COA) Earns Buy Rating from Peel Hunt
Separately, Berenberg Bank reissued a buy rating and issued a GBX 100 ($1.38) price objective on shares of Coats Group in a research note on Thursday, December 14th.
Shares of Coats Group (LON COA) opened at GBX 84.60 ($1.17) on Tuesday. Coats Group has a one year low of GBX 55.50 ($0.77) and a one year high of GBX 90 ($1.24). The company has a market capitalization of $1,200.00 and a P/E ratio of 2,115.00.
In other news, insider Simon Boddie acquired 100,000 shares of Coats Group stock in a transaction on Wednesday, February 28th. The stock was purchased at an average price of GBX 83 ($1.15) per share, with a total value of £83,000 ($114,672.56).
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About Coats Group
Coats Group plc is a United Kingdom-based company engaged in industrial thread manufacturing. The Company’s segments are Industrial and Crafts. It offers clothing, accessories, furniture, fiber optics and healthcare items. It also offers technical threads used in various industries, such as automotive; bedding and mattresses; flame retardant protective wear; outdoor goods/sports equipment, and home textiles.
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