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Coats Group (LON:COA) Shares Down 1.2% - Time to Sell?

Coats Group logo with Consumer Cyclical background

Coats Group plc (LON:COA - Get Free Report)'s share price fell 1.2% during trading on Thursday . The company traded as low as GBX 81.30 ($1.09) and last traded at GBX 82.10 ($1.10). 676,080 shares traded hands during trading, a decline of 87% from the average session volume of 5,194,199 shares. The stock had previously closed at GBX 83.10 ($1.12).

Analysts Set New Price Targets

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

View Our Latest Analysis on Coats Group

Coats Group Trading Down 12.3%

The company has a 50 day simple moving average of GBX 78.30 and a 200 day simple 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. The company has a market capitalization of £1.45 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40.

Insiders Place Their Bets

In related news, insider Hannah Nichols acquired 26,092 shares of Coats Group stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of GBX 76 ($1.02) per share, for a total transaction of £19,829.92 ($26,628.06). Also, insider David Paja bought 150,000 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The stock was acquired at an average cost of GBX 75 ($1.01) per share, for a total transaction of £112,500 ($151,067.54). 1.65% of the stock is owned by corporate insiders.

About Coats Group

(Get Free Report)

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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