Insider Buying: Coats Group (LON:COA) Insider Purchases 250,000 Shares of Stock

Key Points

• Insider David Paja purchased 250,000 shares of Coats Group stock at an average price of GBX 78, totaling £195,000, on October 17th.
• The stock of Coats Group has recently seen a 2.0% increase in trading, reaching GBX 80.20, with a market capitalization of £1.54 billion.
• Analysts maintain a positive outlook on Coats Group, with an average Buy rating and price targets ranging from GBX 110 to GBX 130.

Coats Group plc (LON:COA - Get Free Report) insider David Paja acquired 250,000 shares of the firm's stock in a transaction that occurred on Friday, October 17th. The stock was bought at an average price of GBX 78 per share, with a total value of £195,000.

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

• On Wednesday, September 10th, David Paja acquired 200,000 shares of Coats Group stock. The stock was bought at an average price of GBX 81 per share, with a total value of £162,000.

Coats Group Trading Up 2.0%

COA traded up GBX 1.55 during trading on Monday, reaching GBX 80.20. 2,377,403 shares of the stock traded hands, compared to its average volume of 6,619,912. 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 £1.54 billion, a PE ratio of 16.54, a P/E/G ratio of 0.92 and a beta of 1.40. The stock's 50-day moving average is GBX 79.07 and its 200 day moving average is GBX 76.90. Coats Group plc has a 12 month low of GBX 64.80 and a 12 month high of GBX 98.60.

Wall Street Analysts Forecast Growth

COA has been the topic of a number of research analyst reports. Royal Bank Of Canada reissued an "outperform" rating and set a GBX 110 price objective on shares of Coats Group in a research report on Wednesday, July 16th. Berenberg Bank reiterated a "buy" rating and issued a GBX 130 price objective on shares of Coats Group in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of GBX 120.

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.

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