Coats Group (LON:COA) Receives Buy Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Coats Group (LON:COA) in a report released on Wednesday, ThisIsMoney.Co.Uk reports.

A number of other research firms also recently commented on COA. Berenberg Bank downgraded Coats Group to a hold rating and dropped their price objective for the stock from GBX 90 ($1.18) to GBX 80 ($1.05) in a report on Monday, January 20th. Royal Bank of Canada restated an outperform rating on shares of Coats Group in a report on Friday, January 17th. Peel Hunt dropped their price objective on Coats Group from GBX 100 ($1.32) to GBX 90 ($1.18) and set a buy rating on the stock in a report on Friday, November 22nd. Finally, Barclays restated an equal weight rating and issued a GBX 76 ($1.00) price objective on shares of Coats Group in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 80.80 ($1.06).

LON:COA opened at GBX 71.10 ($0.94) on Wednesday. The stock’s 50 day moving average price is GBX 75.04 and its 200 day moving average price is GBX 73.77. Coats Group has a 52 week low of GBX 65.30 ($0.86) and a 52 week high of GBX 92.20 ($1.21). The company has a market capitalization of $1.03 billion and a P/E ratio of 20.31. The company has a debt-to-equity ratio of 119.22, a quick ratio of 1.09 and a current ratio of 1.62.

In related news, insider Nicholas Bull purchased 100,000 shares of the stock in a transaction on Monday, December 2nd. The shares were bought at an average price of GBX 72 ($0.95) per share, for a total transaction of £72,000 ($94,711.92).

Coats Group Company Profile

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.

See Also: How is the LIBOR rate calculated?

Analyst Recommendations for Coats Group (LON:COA)

Receive News & Ratings for Coats Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coats Group and related companies with MarketBeat.com's FREE daily email newsletter.