Coats Group (LON:COA) Sets New 1-Year High Following Dividend Announcement

Coats Group plc (LON:COA)’s stock price reached a new 52-week high on Thursday after the company announced a dividend. The stock traded as high as GBX 89.60 ($1.15) and last traded at GBX 89.50 ($1.15), with a volume of 3070846 shares. The stock had previously closed at GBX 87.60 ($1.13).

The newly announced dividend which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 17th will be given a dividend of $0.01 per share. This represents a yield of 0.81%. The ex-dividend date is Thursday, October 17th. Coats Group’s dividend payout ratio (DPR) is presently 5,000.00%.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 90 ($1.16) price target on shares of Coats Group in a research report on Thursday, July 4th.

Coats Group Stock Down 3.6 %

The stock has a market cap of £1.55 billion, a PE ratio of 2,435.00, a P/E/G ratio of 0.92 and a beta of 1.38. The business has a 50 day moving average price of GBX 84.79 and a 200 day moving average price of GBX 79.82. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 102.36.

About Coats Group

Coats Group plc, together with its subsidiaries, manufactures and supplies industrial sewing threads worldwide. The company provides threads, yarns, zips, trims, composites, and fabrics for use in apparel, such as children's wear, denims, intimate and underwear, ladieswear, leather wear, menswear, sports and activewear, and workwear & uniforms; handbags, luggage, bags, and fashion accessories; dress and casual, protective, and sports footwear; home textiles, mattress and beddings, outdoor goods, and sporting goods; cut protection, fire services, healthcare PPE, industrial thermal, and military purposes; automotive, marine, and tyre cord applications; telecoms and energy cables; and tea bags, and medical and filtration purpose.