Coats Group’s (COA) “Buy” Rating Reiterated at Berenberg Bank

Coats Group (LON:COA)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a report released on Thursday,London Stock Exchange reports. They presently have a GBX 135 ($1.74) price target on the stock. Berenberg Bank’s target price indicates a potential upside of 55.35% from the company’s previous close.

Coats Group Stock Up 0.2 %

Shares of COA stock traded up GBX 0.20 ($0.00) during mid-day trading on Thursday, reaching GBX 86.90 ($1.12). 16,697,035 shares of the company’s stock traded hands, compared to its average volume of 4,560,478. 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 company’s 50-day moving average price is GBX 91.47 and its 200-day moving average price is GBX 95.04. The company has a market cap of £1.75 billion, a P/E ratio of 29.21, a P/E/G ratio of 0.92 and a beta of 1.40. Coats Group has a 12 month low of GBX 67 ($0.86) and a 12 month high of GBX 104.20 ($1.34).

Insider Buying and Selling at Coats Group

In related news, insider Steve Murray acquired 35,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of GBX 95 ($1.22) per share, for a total transaction of £33,250 ($42,858.98). Also, insider David Paja bought 150,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average price of GBX 95 ($1.22) per share, for a total transaction of £142,500 ($183,681.36). Company insiders own 1.65% of the company’s stock.

About Coats Group

About Coats Group plc

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.