Coats Group (LON:COA) Stock Price Crosses Above Fifty Day Moving Average - What's Next?

Key Points

• Coats Group plc's stock price recently crossed above its 50-day moving average, trading as high as GBX 81 before settling at GBX 80.20.
• Analysts have rated Coats Group's stock favorably, with a consensus rating of "Buy" and target prices ranging from GBX 110 to GBX 130.
• Insider purchases suggest confidence in the company's future, as insiders acquired a total of 762,985 shares valued at nearly $58.75 million over the last three months.

Coats Group plc (LON:COA - Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 76.47 ($1.04) and traded as high as GBX 81 ($1.10). Coats Group shares last traded at GBX 80.20 ($1.09), with a volume of 7,079,599 shares.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Berenberg Bank restated a "buy" rating and set a GBX 130 target price on shares of Coats Group in a research report on Wednesday, August 6th. Royal Bank Of Canada restated an "outperform" rating and set a GBX 110 target price on shares of Coats Group in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 120.

Coats Group Stock Up 0.8%

The company has a market capitalization of £1.58 billion, a price-to-earnings ratio of 1,698.56, a PEG ratio of 0.92 and a beta of 1.40. The stock's fifty day simple moving average is GBX 76.57 and its two-hundred day simple moving average is GBX 77.06. 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 Activity at Coats Group

In other Coats Group news, insider David Paja bought 200,000 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were bought at an average cost of GBX 81 per share, with a total value of £162,000. Also, insider Steve Murray bought 38,961 shares of the company's stock in a transaction on Monday, July 21st. The shares were acquired at an average cost of GBX 77 per share, for a total transaction of £29,999.97. Insiders acquired 962,985 shares of company stock valued at $74,949,845 in the last ninety days. 3.81% of the stock is owned by insiders.

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.