Peel Hunt Reaffirms Buy Rating for Coats Group (LON:COA)

Coats Group (LON:COA)‘s stock had its “buy” rating reissued by Peel Hunt in a research note issued to investors on Friday, Marketbeat reports. They presently have a GBX 125 price objective on the stock. Peel Hunt’s target price would indicate a potential upside of 59.24% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 110 price objective on shares of Coats Group in a report on Wednesday, July 16th. Berenberg Bank reissued a “buy” rating and set a GBX 130 target price on shares of Coats Group in a research note on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Coats Group presently has a consensus rating of “Buy” and a consensus price target of GBX 121.67.

Coats Group Price Performance

Shares of LON:COA traded down GBX 0.70 on Friday, hitting GBX 78.50. The company’s stock had a trading volume of 1,809,042 shares, compared to its average volume of 6,331,808. The company has a debt-to-equity ratio of 103.51, a current ratio of 1.20 and a quick ratio of 1.06. Coats Group has a 1 year low of GBX 64.80 and a 1 year high of GBX 98.60. The company has a market capitalization of £1.50 billion, a PE ratio of 16.19, a PEG ratio of 0.92 and a beta of 1.40. The company has a 50-day simple moving average of GBX 80.97 and a 200 day simple moving average of GBX 77.92.

Insiders Place Their Bets

In other Coats Group news, insider David Paja acquired 250,000 shares of the stock in a transaction that occurred on Friday, October 17th. The shares were acquired at an average cost of GBX 78 per share, with a total value of £195,000. 3.19% of the stock is currently owned by insiders.

Coats Group Company Profile

Coats is a world-leading Tier 2 manufacturer and trusted partner for the apparel and footwear industries. We deliver essential materials, components, and software solutions that help our customers grow, compete and win.
With over 250 years of industry expertise, we’re shaping the future of the apparel and footwear supply chain through insight-led innovation, impactful sustainability practices, and digital technologies that unlock better product quality, efficiency and performance.
Headquartered in the UK, Coats is a FTSE 250 company and a constituent of the FTSE4Good Index.