Coats Group (LON:COA) Shares Down 12.3% - Should You Sell?

Coats Group plc (LON:COA - Get Free Report) fell 12.3% on Friday . The stock traded as low as GBX 71.99 ($0.97) and last traded at GBX 72 ($0.97). 37,857,023 shares changed hands during mid-day trading, an increase of 597% from the average session volume of 5,432,444 shares. The stock had previously closed at GBX 82.10 ($1.10).

Analysts Set New Price Targets

COA has been the topic of several recent research reports. 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. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 110 ($1.48) price objective on shares of Coats Group in a report on Wednesday.

Coats Group Stock Up 0.1%

The firm has a market cap of £1.45 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 0.92 and a beta of 1.40. The firm's 50 day moving average price is GBX 78.30 and its two-hundred day moving average price is GBX 81.75. The company has a debt-to-equity ratio of 103.51, a current ratio of 1.20 and a quick ratio of 1.06.

Insider Transactions at Coats Group

In other news, insider David Paja bought 150,000 shares of the firm's stock in a transaction that occurred 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 ($151,067.54). Also, insider Hannah Nichols purchased 26,092 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was bought at an average price of GBX 76 ($1.02) per share, for a total transaction of £19,829.92 ($26,628.06). 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.

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