Coats Group (LON:COA) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Coats Group (LON:COA) in a report issued on Thursday, Marketbeat reports. They currently have a GBX 135 ($1.74) price target on the stock.

Coats Group Stock Down 2.0 %

Shares of COA opened at GBX 84.20 ($1.09) on Thursday. Coats Group has a one year low of GBX 73.50 ($0.95) and a one year high of GBX 104.20 ($1.34). The company has a market cap of £1.69 billion, a P/E ratio of 28.30, a P/E/G ratio of 0.92 and a beta of 1.40. The company has a debt-to-equity ratio of 103.51, a current ratio of 1.20 and a quick ratio of 1.06. The firm has a 50 day simple moving average of GBX 91.31 and a two-hundred day simple moving average of GBX 94.96.

Insider Buying and Selling

In other Coats Group news, insider Steve Murray bought 35,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of GBX 95 ($1.22) per share, for a total transaction of £33,250 ($42,847.94). Also, insider David Paja acquired 150,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was purchased at an average price of GBX 95 ($1.22) per share, with a total value of £142,500 ($183,634.02). 1.65% of the stock is currently owned by insiders.

Coats Group Company Profile

About Coats Group plc

Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data, and the environment.