Insider Buying: Coats Group (LON:COA) Insider Acquires 200,000 Shares of Stock

Key Points

• David Paja, an insider at Coats Group, purchased 200,000 shares at an average price of GBX 81 per share, totaling £162,000 on September 10th.
• The stock's performance has shown significant activity with a recent trading volume of 13,038,934 shares, surpassing its average volume of 7,144,720.
• Coats Group has received solid analyst ratings, with a consensus rating of "Buy" and an average target price of GBX 120 from multiple research firms.

Coats Group plc (LON:COA - Get Free Report) insider David Paja purchased 200,000 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was acquired at an average price of GBX 81 per share, for a total transaction of £162,000.

David Paja also recently made the following trade(s):

• On Monday, July 21st, David Paja purchased 324,675 shares of Coats Group stock. The stock was acquired at an average price of GBX 77 per share, for a total transaction of £249,999.75.

Coats Group Price Performance

Coats Group stock traded up GBX 1.30 during mid-day trading on Wednesday, hitting GBX 81.50. The company's stock had a trading volume of 13,038,934 shares, compared to its average volume of 7,144,720. 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 stock has a market capitalization of £1.56 billion, a P/E ratio of 1,680.41, a P/E/G ratio of 0.92 and a beta of 1.40. Coats Group plc has a twelve month low of GBX 64.80 and a twelve month high of GBX 104.20. The stock's fifty day moving average price is GBX 76.47 and its two-hundred day moving average price is GBX 77.25.

Wall Street Analyst Weigh In

Several research firms have weighed in on COA. Berenberg Bank reiterated a "buy" rating and set a GBX 130 price objective on shares of Coats Group in a research report on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 110 price objective on shares of Coats Group in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of GBX 120.

About Coats Group

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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