Coats Group plc (LON:COA - Get Free Report)'s share price was down 11.8% on Thursday . The company traded as low as GBX 72.10 ($0.97) and last traded at GBX 72.40 ($0.97). Approximately 75,299,813 shares changed hands during mid-day trading, an increase of 1,220% from the average daily volume of 5,705,749 shares. The stock had previously closed at GBX 82.10 ($1.10).
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on COA. Royal Bank Of Canada restated an "outperform" rating and set a GBX 110 ($1.48) price target on shares of Coats Group in a report on Wednesday. Berenberg Bank reaffirmed a "buy" rating and set a GBX 125 ($1.68) target price on shares of Coats Group in a research report on Thursday, July 3rd.
Read Our Latest Analysis on Coats Group
Coats Group Trading Up 1.1%
The business has a 50 day moving average of GBX 78.30 and a 200-day moving average of GBX 81.60. 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 capitalization of £1.46 billion, a P/E ratio of 24.47, a PEG ratio of 0.92 and a beta of 1.40.
Insider Activity at Coats Group
In other news, insider Hannah Nichols acquired 26,092 shares of the stock in a transaction on Thursday, May 22nd. The shares were purchased at an average price of GBX 76 ($1.02) per share, for a total transaction of £19,829.92 ($26,617.34). Also, insider David Paja acquired 150,000 shares of the stock in a transaction on Wednesday, June 4th. The shares were purchased at an average price of GBX 75 ($1.01) per share, for a total transaction of £112,500 ($151,006.71). Corporate insiders own 1.65% of the company's stock.
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.
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