Coats Group plc (LON:COA - Get Free Report) shares traded down 12.3% during mid-day trading on Thursday . The stock traded as low as GBX 71.99 ($0.97) and last traded at GBX 72 ($0.97). 37,857,023 shares traded hands during 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 Analysts Forecast Growth
Several brokerages have weighed in on COA. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 110 ($1.48) target price on shares of Coats Group in a report on Wednesday. Berenberg Bank reissued a "buy" rating and set a GBX 125 ($1.68) price target on shares of Coats Group in a research report on Thursday, July 3rd.
Read Our Latest Stock Report on Coats Group
Coats Group Stock Up 0.1%
The stock has a market cap of £1.45 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. 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 business's fifty day simple moving average is GBX 78.30 and its 200 day simple moving average is GBX 81.75.
Insider Buying and Selling
In related news, insider David Paja purchased 150,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was bought at an average price of GBX 75 ($1.01) per share, for a total transaction of £112,500 ($151,067.54). Also, insider Hannah Nichols purchased 26,092 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average cost of GBX 76 ($1.02) per share, with a total value of £19,829.92 ($26,628.06). 1.65% of the stock is currently owned by 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.
See Also
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