Berenberg Bank Reiterates Buy Rating for Coats Group (LON:COA)

Coats Group (LON:COA)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a research report issued on Thursday,London Stock Exchange reports. They currently have a GBX 135 ($1.74) target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 55.35% from the stock’s previous close.

Coats Group Stock Performance

Shares of LON:COA traded up GBX 0.20 ($0.00) during trading on Thursday, hitting GBX 86.90 ($1.12). The company’s stock had a trading volume of 16,697,035 shares, compared to its average volume of 4,560,478. 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 market cap of £1.75 billion, a price-to-earnings ratio of 29.21, a P/E/G ratio of 0.92 and a beta of 1.40. The company has a 50-day moving average of GBX 91.47 and a 200-day moving average of GBX 95.04. Coats Group has a 12 month low of GBX 67 ($0.86) and a 12 month high of GBX 104.20 ($1.34).

Insider Transactions at Coats Group

In other news, insider Steve Murray bought 35,000 shares of Coats Group stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of GBX 95 ($1.22) per share, with a total value of £33,250 ($42,858.98). Also, insider David Paja bought 150,000 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were purchased at an average price of GBX 95 ($1.22) per share, for a total transaction of £142,500 ($183,681.36). Corporate insiders own 1.65% of the company’s stock.

About Coats Group

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.