Insider Buying: Coats Group plc (LON:COA) Insider Buys £33,250 in Stock

Coats Group plc (LON:COA) insider Steve Murray acquired 35,000 shares of Coats Group stock in a transaction on Monday, December 16th. The shares were bought at an average price of GBX 95 ($1.19) per share, for a total transaction of £33,250 ($41,557.31).

Coats Group Trading Down 1.2 %

COA opened at GBX 93 ($1.16) on Friday. The firm has a market capitalization of £1.48 billion, a P/E ratio of 1,860.00, a P/E/G ratio of 0.92 and a beta of 1.40. The firm’s 50 day moving average is GBX 95.39 and its 200-day moving average is GBX 93.15. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 97.61. Coats Group plc has a 52-week low of GBX 66.40 ($0.83) and a 52-week high of GBX 104.20 ($1.30).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their target price on Coats Group from GBX 120 ($1.50) to GBX 135 ($1.69) and gave the company a “buy” rating in a research note on Wednesday, September 4th.

Coats Group Company Profile

Coats Group plc, together with its subsidiaries, manufactures and supplies industrial sewing threads worldwide. The company provides threads, yarns, zips, trims, composites, and fabrics for use in apparel, such as children's wear, denims, intimate and underwear, ladieswear, leather wear, menswear, sports and activewear, and workwear & uniforms; handbags, luggage, bags, and fashion accessories; dress and casual, protective, and sports footwear; home textiles, mattress and beddings, outdoor goods, and sporting goods; cut protection, fire services, healthcare PPE, industrial thermal, and military purposes; automotive, marine, and tyre cord applications; telecoms and energy cables; and tea bags, and medical and filtration purpose.