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

Key Points

• Coats Group plc's stock has fallen below its fifty day moving average of GBX 77.44, currently trading at GBX 73.
• Analysts from Berenberg Bank and Royal Bank of Canada have given Coats Group a "buy" and "outperform" rating, respectively, with price targets of GBX 130 and GBX 110.
• Insider buying has increased, with significant purchases from insiders Wu Gang and Steve Murray, totaling over £74,999 and reflecting confidence in the company.

Shares of Coats Group plc (LON:COA - Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 77.44 ($1.03) and traded as low as GBX 72.50 ($0.97). Coats Group shares last traded at GBX 73 ($0.98), with a volume of 7,266,340 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on COA shares. Berenberg Bank reissued a "buy" rating and issued a GBX 130 ($1.74) price target on shares of Coats Group in a report on Wednesday. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 110 ($1.47) target price on shares of Coats Group in a research note on Wednesday, July 16th.

Coats Group Trading Up 0.8%

The company's 50-day moving average is GBX 77.44 and its 200 day moving average is GBX 80.04. 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 firm has a market cap of £1.48 billion, a PE ratio of 24.74, a P/E/G ratio of 0.92 and a beta of 1.40.

Insider Buying and Selling

In other news, insider Wu Gang acquired 58,441 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was acquired at an average cost of GBX 77 ($1.03) per share, for a total transaction of £44,999.57 ($60,111.64). Also, insider Steve Murray acquired 38,961 shares of Coats Group stock in a transaction that occurred on Monday, July 21st. The shares were purchased at an average cost of GBX 77 ($1.03) per share, with a total value of £29,999.97 ($40,074.77). Insiders have acquired 939,077 shares of company stock worth $71,982,837 over the last ninety days. 1.65% of the stock is currently owned by corporate 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.

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