Coats Group's (COA) "Buy" Rating Reaffirmed at Berenberg Bank

Coats Group (LON:COA - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Berenberg Bank in a report released on Thursday, MarketBeat reports. They currently have a GBX 125 ($1.71) price target on the stock. Berenberg Bank's price objective would indicate a potential upside of 56.05% from the stock's previous close.

Coats Group Price Performance

LON:COA traded down GBX 0.70 ($0.01) during mid-day trading on Thursday, hitting GBX 80.10 ($1.09). 872,560 shares of the company's stock traded hands, compared to its average volume of 5,438,288. The company has a debt-to-equity ratio of 103.51, a quick ratio of 1.06 and a current ratio of 1.20. The firm's 50 day simple moving average is GBX 76.77 and its 200 day simple moving average is GBX 82.42. Coats Group has a 1 year low of GBX 64.80 ($0.88) and a 1 year high of GBX 104.20 ($1.42). The company has a market cap of £1.61 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40.

Insider Activity

In other news, insider Hannah Nichols purchased 26,092 shares of the stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average cost of GBX 76 ($1.04) per share, for a total transaction of £19,829.92 ($27,078.96). Also, insider David Paja acquired 150,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was purchased at an average cost of GBX 75 ($1.02) per share, with a total value of £112,500 ($153,625.56). Company insiders own 1.65% of the company's stock.

About Coats Group

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.