Coats Group PLC (LON:COA) Receives GBX 78 Consensus Price Target from Brokerages
Shares of Coats Group PLC (LON:COA) have been assigned a consensus rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. One investment 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 average twelve-month price target among brokers that have covered the stock in the last year is GBX 78 ($1.03).
Several equities analysts have weighed in on the stock. Peel Hunt reaffirmed a “buy” rating on shares of Coats Group in a report on Tuesday, November 26th. Berenberg Bank reaffirmed a “buy” rating on shares of Coats Group in a report on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Coats Group in a report on Wednesday, October 9th. Barclays reaffirmed an “equal weight” rating and set a GBX 76 ($1.00) price target on shares of Coats Group in a report on Wednesday, January 8th. Finally, Peel Hunt lowered their price target on shares of 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.
In other news, insider Nicholas Bull purchased 100,000 shares of the stock in a transaction on Monday, December 2nd. The shares were acquired at an average price of GBX 72 ($0.95) per share, with a total value 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.
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