Shares of Coats Group plc (LON:COA - Get Free Report) fell 12.3% during trading on Thursday . The company traded as low as GBX 71.99 ($0.97) and last traded at GBX 72 ($0.97). 37,857,023 shares were traded during mid-day trading, an increase of 597% from the average session volume of 5,432,444 shares. The stock had previously closed at GBX 82.10 ($1.10).
Wall Street Analyst Weigh In
COA has been the subject of a number of analyst reports. Berenberg Bank restated a "buy" rating and set a GBX 125 ($1.68) price objective on shares of Coats Group in a report on Thursday, July 3rd. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 110 ($1.48) price target on shares of Coats Group in a report on Wednesday.
View Our Latest Stock Analysis on Coats Group
Coats Group Stock Down 12.3%
The firm has a market cap of £1.45 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 0.92 and a beta of 1.40. The firm has a fifty 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.
Insider Transactions at Coats Group
In related news, insider Hannah Nichols purchased 26,092 shares of the firm's stock in a transaction that occurred 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). Also, insider David Paja acquired 150,000 shares of Coats Group stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average price of GBX 75 ($1.01) per share, with a total value of £112,500 ($151,067.54). Company insiders own 1.65% of the company's stock.
About Coats Group
(
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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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