Coats Group (LON:COA) Shares Down 12.3% - Time to Sell?

Shares of Coats Group plc (LON:COA - Get Free Report) traded down 12.3% during trading on Friday . The company traded as low as GBX 71.99 ($0.97) and last traded at GBX 72 ($0.97). 37,857,023 shares traded 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

Several equities research analysts have weighed in on COA shares. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 110 ($1.48) price target on shares of Coats Group in a research report on Wednesday. Berenberg Bank reiterated a "buy" rating and set a GBX 125 ($1.68) price objective on shares of Coats Group in a research report on Thursday, July 3rd.

Coats Group Stock Up 0.1%

The business has a fifty day simple moving average of GBX 78.30 and a two-hundred day simple moving average of GBX 81.75. 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 company has a market cap of £1.45 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40.

Insider Buying and Selling

In other news, insider Hannah Nichols bought 26,092 shares of the stock in a transaction on Thursday, May 22nd. The shares were bought at an average price of GBX 76 ($1.02) per share, with a total value of £19,829.92 ($26,628.06). 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 price of GBX 75 ($1.01) per share, for a total transaction of £112,500 ($151,067.54). Corporate 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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