Insider Buying: Coats Group (LON:COA) Insider Buys 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 acquired 200,000 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were purchased at an average cost 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 acquired 324,675 shares of Coats Group stock. The shares were purchased at an average cost of GBX 77 per share, for a total transaction of £249,999.75.

Coats Group Stock Up 0.5%

COA stock traded up GBX 0.40 during trading on Monday, hitting GBX 82.10. 4,342,817 shares of the stock traded hands, compared to its average volume of 7,079,463. Coats Group plc has a 1 year low of GBX 64.80 and a 1 year high of GBX 104.20. The firm's 50 day moving average is GBX 76.57 and its two-hundred day moving average is GBX 77.06. The stock has a market cap of £1.57 billion, a price-to-earnings ratio of 1,692.78, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The company has a debt-to-equity ratio of 103.51, a current ratio of 1.20 and a quick ratio of 1.06.

Wall Street Analysts Forecast Growth

COA has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 110 price target on shares of Coats Group in a report on Wednesday, July 16th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 130 price target on shares of Coats Group in a report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average 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.