Coats Group plc (LON:COA - Get Free Report)'s share price dropped 9.8% on Thursday . The stock traded as low as GBX 73.85 ($0.99) and last traded at GBX 74.06 ($0.99). Approximately 60,032,426 shares changed hands during mid-day trading, an increase of 973% from the average daily volume of 5,594,308 shares. The stock had previously closed at GBX 82.10 ($1.10).
Analyst Upgrades and Downgrades
COA has been the subject of several research reports. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 110 ($1.48) target price on shares of Coats Group in a report on Wednesday. Berenberg Bank restated a "buy" rating and issued a GBX 125 ($1.68) price target on shares of Coats Group in a research report on Thursday, July 3rd.
Check Out Our Latest Stock Report on Coats Group
Coats Group Price Performance
The stock has a market cap of £1.46 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 0.92 and a beta of 1.40. The company has a 50-day moving average of GBX 78.30 and a 200-day moving average of GBX 81.75. The company has a debt-to-equity ratio of 103.51, a quick ratio of 1.06 and a current ratio of 1.20.
Insider Activity at Coats Group
In other Coats Group news, insider David Paja bought 150,000 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were bought 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 bought 26,092 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were acquired at an average price of GBX 76 ($1.02) per share, for a total transaction of £19,829.92 ($26,628.06). Insiders own 1.65% of the company's stock.
Coats Group Company Profile
(
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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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