Colefax Group (LON:CFX) Hits New 12-Month High – What’s Next?

Colefax Group PLC (LON:CFX)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 940 and last traded at GBX 940, with a volume of 6335 shares. The stock had previously closed at GBX 930.

Analysts Set New Price Targets

Separately, Peel Hunt reaffirmed an “add” rating and issued a GBX 870 price objective on shares of Colefax Group in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Colefax Group presently has a consensus rating of “Buy” and an average price target of GBX 870.

Colefax Group Trading Up 1.1%

The company has a market cap of £48.56 million, a PE ratio of 8.67 and a beta of 0.22. The company has a debt-to-equity ratio of 73.77, a current ratio of 1.97 and a quick ratio of 1.25. The company has a 50-day moving average of GBX 879.84 and a 200 day moving average of GBX 833.84.

Insider Activity

In related news, insider David Green sold 123,231 shares of Colefax Group stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of GBX 880, for a total transaction of £1,084,432.80. Also, insider Wendy Nicholls sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of GBX 880, for a total value of £88,000. In the last ninety days, insiders sold 143,231 shares of company stock worth $126,043,280. Insiders own 23.62% of the company’s stock.

Colefax Group Company Profile

Colefax Group PLC, together with its subsidiaries, engages in the design, marketing, distribution, and retailing of furnishing fabrics, wallpapers, trimmings, upholstered furniture, and related products in the United Kingdom, the United States, rest of Europe, and internationally. The company operates in two divisions, Product and Decorating.