Coats Group (LON:COA) Shares Down 12.3% - Time to Sell?

Coats Group plc (LON:COA - Get Free Report) dropped 12.3% during trading on Friday . The company traded as low as GBX 71.99 ($0.97) and last traded at GBX 72 ($0.97). Approximately 37,857,023 shares traded hands during mid-day trading, an increase of 597% from the average daily volume of 5,432,444 shares. The stock had previously closed at GBX 82.10 ($1.10).

Analysts Set New Price Targets

COA has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 110 ($1.48) price target on shares of Coats Group in a research report on Wednesday. Berenberg Bank reiterated a "buy" rating and issued a GBX 125 ($1.68) target price on shares of Coats Group in a research report on Thursday, July 3rd.

Coats Group Stock Performance

The stock has a 50 day moving average of GBX 78.30 and a 200 day moving average of GBX 81.43. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 103.51. The company has a market capitalization of £1.46 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40.

Insider Activity at Coats Group

In other news, insider David Paja acquired 150,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was purchased at an average price of GBX 75 ($1.01) per share, for a total transaction of £112,500 ($150,905.43). Also, insider Hannah Nichols purchased 26,092 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average price of GBX 76 ($1.02) per share, with a total value of £19,829.92 ($26,599.49). Insiders own 1.65% 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.