Coats Group (LON:COA) Shares Cross Above Fifty Day Moving Average – What’s Next?

Coats Group plc (LON:COA)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 84.91 and traded as high as GBX 92.50. Coats Group shares last traded at GBX 91, with a volume of 3,345,947 shares.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on COA. Berenberg Bank restated a “buy” rating and issued a GBX 130 price target on shares of Coats Group in a report on Monday, November 10th. Peel Hunt reiterated a “buy” rating and issued a GBX 125 price objective on shares of Coats Group in a research report on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Coats Group presently has an average rating of “Buy” and a consensus price target of GBX 121.67.

Coats Group Price Performance

The stock has a market cap of £1.74 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 0.92 and a beta of 1.40. The company has a 50 day simple moving average of GBX 84.91 and a 200-day simple moving average of GBX 81.44. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 103.51.

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.