Coats Group (LON:COA) Insider Acquires £195,000 in Stock

Coats Group plc (LON:COA) insider David Paja acquired 250,000 shares of the stock in a transaction dated Friday, October 17th. The stock was acquired at an average cost of GBX 78 per share, with a total value of £195,000.

David Paja also recently made the following trade(s):

• On Wednesday, September 10th, David Paja bought 200,000 shares of Coats Group stock. The stock was bought at an average price of GBX 81 per share, with a total value of £162,000.

Coats Group Price Performance

Shares of COA opened at GBX 82.70 on Thursday. Coats Group plc has a fifty-two week low of GBX 64.80 and a fifty-two week high of GBX 98.60. The company has a debt-to-equity ratio of 103.51, a quick ratio of 1.06 and a current ratio of 1.20. The firm’s 50-day simple moving average is GBX 79.59 and its two-hundred day simple moving average is GBX 77.05. The stock has a market cap of £1.58 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on COA shares. Berenberg Bank restated a “buy” rating and set a GBX 130 price objective on shares of Coats Group in a research report on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 110 price objective on shares of Coats Group in a research report on Wednesday, July 16th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 120.

Coats Group Company Profile

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.