Coats Group (LON:COA) Stock Crosses Above 50-Day Moving Average - Time to Sell?

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)'s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 76.47 ($1.03) and traded as high as GBX 81 ($1.10). Coats Group shares last traded at GBX 80.20 ($1.08), with a volume of 7,079,599 shares changing hands.

Wall Street Analyst Weigh In

COA has been the subject of several recent analyst reports. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 130 target price on shares of Coats Group in a research note on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 110 target price on shares of Coats Group in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Coats Group has a consensus rating of "Buy" and a consensus target price of GBX 120.

Coats Group Price Performance

The company's 50 day simple moving average is GBX 76.47 and its 200 day simple moving average is GBX 77.25. The company has a debt-to-equity ratio of 103.51, a current ratio of 1.20 and a quick ratio of 1.06. The stock has a market cap of £1.53 billion, a P/E ratio of 1,651.55, a P/E/G ratio of 0.92 and a beta of 1.40.

Insider Activity at Coats Group

In related news, insider Hannah Nichols acquired 129,870 shares of the stock in a transaction dated Monday, July 21st. The stock was bought at an average price of GBX 77 per share, with a total value of £99,999.90. Also, insider Frances (Fran) Philip acquired 12,987 shares of the stock in a transaction dated Monday, July 21st. The shares were bought at an average cost of GBX 77 per share, with a total value of £9,999.99. Insiders have purchased 762,985 shares of company stock valued at $58,749,845 over the last three months. Insiders own 3.81% of the company's stock.

Coats Group Company Profile

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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