David Gosnell Acquires 148,600 Shares of Coats Group plc (LON:COA) Stock

Coats Group plc (LON:COA) insider David Gosnell bought 148,600 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of GBX 68 ($0.87) per share, with a total value of £101,048 ($129,118.32).

Coats Group Price Performance

COA stock opened at GBX 68.20 ($0.87) on Thursday. The stock has a market capitalization of £1.37 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 0.92 and a beta of 1.40. The firm’s 50-day moving average price is GBX 83.57 and its two-hundred day moving average price is GBX 91.19. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 103.51. Coats Group plc has a 12-month low of GBX 64.80 ($0.83) and a 12-month high of GBX 104.20 ($1.33).

Coats Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 1st will be issued a $0.02 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 2.01%. This is a boost from Coats Group’s previous dividend of $0.01. Coats Group’s dividend payout ratio (DPR) is 67.23%.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 135 ($1.73) price objective on shares of Coats Group in a research report on Thursday, March 6th.

Coats Group Company Profile

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.