Coats Group plc (LON:COA - Get Free Report) traded down 9.7% during mid-day trading on Thursday . The company traded as low as GBX 74 ($0.99) and last traded at GBX 74.17 ($1.00). 59,425,637 shares were traded during trading, an increase of 963% from the average session volume of 5,589,879 shares. The stock had previously closed at GBX 82.10 ($1.10).
Analysts Set New Price Targets
Several brokerages have weighed in on COA. Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 110 ($1.48) price target on shares of Coats Group in a research report on Wednesday. Berenberg Bank reaffirmed a "buy" rating and set a GBX 125 ($1.68) target price on shares of Coats Group in a report on Thursday, July 3rd.
Check Out Our Latest Analysis on COA
Coats Group Stock Performance
The firm's 50 day moving average is GBX 78.30 and its 200-day moving average is GBX 81.60. The stock has a market capitalization of £1.46 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 0.92 and a beta of 1.40. The company has a debt-to-equity ratio of 103.51, a quick ratio of 1.06 and a current ratio of 1.20.
Insiders Place Their Bets
In related news, insider David Paja acquired 150,000 shares of Coats Group stock in a transaction on Wednesday, June 4th. The stock was bought at an average cost of GBX 75 ($1.01) per share, for a total transaction of £112,500 ($151,006.71). Also, insider Hannah Nichols bought 26,092 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were bought at an average cost of GBX 76 ($1.02) per share, with a total value of £19,829.92 ($26,617.34). 1.65% of the stock is currently owned by company insiders.
Coats Group Company Profile
(
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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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