Coats Group plc (LON:COA - Get Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 75.42 ($1.02) and traded as high as GBX 76.80 ($1.04). Coats Group shares last traded at GBX 75.90 ($1.03), with a volume of 3,519,371 shares.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reissued a "buy" rating and set a GBX 135 ($1.82) target price on shares of Coats Group in a report on Thursday, March 6th.
Check Out Our Latest Stock Analysis on Coats Group
Coats Group Stock Down 1.3%
The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 103.51. The firm has a market cap of £1.55 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The stock's fifty day moving average is GBX 75.03 and its two-hundred day moving average is GBX 85.93.
Coats Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, May 1st will be paid a $0.02 dividend. This is a positive change from Coats Group's previous dividend of $0.01. This represents a yield of 2.01%. The ex-dividend date is Thursday, May 1st. Coats Group's dividend payout ratio is currently 67.23%.
Insider Buying and Selling at Coats Group
In other news, insider David Paja purchased 150,000 shares of the company's stock in a transaction on Monday, March 10th. The stock was purchased at an average price of GBX 83 ($1.12) per share, with a total value of £124,500 ($168,243.24). Also, insider Sarah Highfield acquired 59,227 shares of Coats Group stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of GBX 83 ($1.12) per share, for a total transaction of £49,158.41 ($66,430.28). Insiders purchased a total of 383,919 shares of company stock worth $29,453,633 over the last three months. 1.65% of the stock is owned by insiders.
About Coats Group
(
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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.
Further Reading
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