Coats Group’s (COA) “Buy” Rating Reaffirmed at Peel Hunt

Coats Group (LON:COA)‘s stock had its “buy” rating restated by equities researchers at Peel Hunt in a research note issued on Friday, Marketbeat Ratings reports. They presently have a GBX 125 price target on the stock. Peel Hunt’s price target suggests a potential upside of 59.24% from the stock’s current price.

Several other brokerages also recently commented on COA. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 110 target price on shares of Coats Group in a research note on Wednesday, July 16th. Berenberg Bank restated a “buy” rating and set a GBX 130 price objective on shares of Coats Group in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 121.67.

Coats Group Stock Down 0.9%

Shares of Coats Group stock traded down GBX 0.70 during trading on Friday, reaching GBX 78.50. 1,809,042 shares of the company traded hands, compared to its average volume of 6,331,808. The firm has a market capitalization of £1.50 billion, a PE ratio of 16.19, a P/E/G ratio of 0.92 and a beta of 1.40. Coats Group has a 1-year low of GBX 64.80 and a 1-year high of GBX 98.60. The company has a 50 day moving average price of GBX 80.97 and a 200-day moving average price of GBX 77.92. The company has a debt-to-equity ratio of 103.51, a current ratio of 1.20 and a quick ratio of 1.06.

Insider Buying and Selling at Coats Group

In other Coats Group news, insider David Paja bought 250,000 shares of Coats Group stock in a transaction dated Friday, October 17th. The stock was bought at an average cost of GBX 78 per share, with a total value of £195,000. 3.19% of the stock is owned by insiders.

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.