Coats Group PLC (LON:COA) insider Nicholas Bull bought 100,000 shares of Coats Group stock in a transaction on Monday, December 2nd. The shares were purchased at an average cost of GBX 72 ($0.94) per share, with a total value of £72,000 ($94,080.75).
COA traded down GBX 1.60 ($0.02) on Tuesday, reaching GBX 71.25 ($0.93). 1,256,577 shares of the company’s stock were exchanged, compared to its average volume of 3,670,000. The stock has a market cap of $1.05 billion and a PE ratio of 20.36. Coats Group PLC has a twelve month low of GBX 65.30 ($0.85) and a twelve month high of GBX 92.20 ($1.20). The stock’s fifty day moving average price is GBX 72.24 and its 200-day moving average price is GBX 76.26. The company has a debt-to-equity ratio of 119.22, a current ratio of 1.62 and a quick ratio of 1.09.
COA has been the topic of several research reports. Barclays decreased their target price on Coats Group from GBX 82 ($1.07) to GBX 76 ($0.99) and set an “equal weight” rating on the stock in a research report on Wednesday, November 27th. Royal Bank of Canada reiterated an “outperform” rating on shares of Coats Group in a research report on Wednesday, October 9th. Peel Hunt reduced their price objective on Coats Group from GBX 100 ($1.31) to GBX 90 ($1.18) and set a “buy” rating for the company in a research note on Friday, November 22nd. Peel Hunt reissued a “buy” rating on shares of Coats Group in a research note on Tuesday, November 26th. Finally, Berenberg Bank restated a “buy” rating on shares of Coats Group in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 82.80 ($1.08).
Coats Group plc manufactures and supplies industrial threads worldwide. It provides sewing threads; engineered yarns; metal, plastic, and spiral zippers; and interlinings and reflective tapes for apparel, automotive and other transport, composite, electronic textile, fashion accessories travel and luggage, footwear, household and recreation, medical, health and food, personal protection, wire and cable, and other applications.
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