Coats Group plc (LON:COA) Insider Acquires £33,250 in Stock

Coats Group plc (LON:COA) insider Steve Murray purchased 35,000 shares of Coats Group stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of GBX 95 ($1.21) per share, with a total value of £33,250 ($42,184.72).

Coats Group Stock Down 1.7 %

LON COA traded down GBX 1.60 ($0.02) during trading hours on Tuesday, hitting GBX 94 ($1.19). 1,582,256 shares of the company traded hands, compared to its average volume of 3,015,380. The company has a debt-to-equity ratio of 97.61, a quick ratio of 1.06 and a current ratio of 1.20. The business’s 50-day moving average is GBX 95.57 and its 200-day moving average is GBX 92.99. The stock has a market capitalization of £1.49 billion, a price-to-earnings ratio of 1,912.00, a P/E/G ratio of 0.92 and a beta of 1.40. Coats Group plc has a twelve month low of GBX 66.40 ($0.84) and a twelve month high of GBX 104.20 ($1.32).

Analysts Set New Price Targets

Separately, Berenberg Bank raised their target price on shares of Coats Group from GBX 120 ($1.52) to GBX 135 ($1.71) and gave the company a “buy” rating in a research report on Wednesday, September 4th.

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.