Coats Group (LON:COA) Hits New 12-Month High – Here’s Why

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

Analyst Ratings Changes

COA has been the subject of a number of recent research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 130 target price on shares of Coats Group in a report on Monday, November 10th. Peel Hunt reiterated 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, the stock currently has an average rating of “Buy” and an average price target of GBX 121.67.

Coats Group Stock Performance

The company’s fifty day moving average price is GBX 85.88 and its two-hundred day moving average price is GBX 81.95. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 103.51. The company has a market cap of £1.79 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth 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.