Coats Group (LON:COA) had its price objective decreased by equities research analysts at Royal Bank of Canada from GBX 90 ($1.18) to GBX 80 ($1.05) in a report issued on Thursday, Stock Target Advisor reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 61.88% from the stock’s previous close.

COA has been the topic of a number of other research reports. Barclays cut their target price on shares of Coats Group from GBX 76 ($1.00) to GBX 73 ($0.96) and set an “equal weight” rating on the stock in a research note on Friday, March 6th. Berenberg Bank downgraded shares of Coats Group to a “hold” rating and cut their target price for the company from GBX 90 ($1.18) to GBX 80 ($1.05) in a research note on Monday, January 20th. Peel Hunt cut their target price 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 research note on Friday, November 22nd. Finally, Peel Hunt reissued a “buy” rating on shares of Coats Group in a research note on Wednesday, March 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 80.17 ($1.05).

Shares of COA traded up GBX 3.88 ($0.05) during mid-day trading on Thursday, reaching GBX 49.42 ($0.65). The company had a trading volume of 5,236,403 shares, compared to its average volume of 3,670,000. The stock has a market cap of $714.64 million and a price-to-earnings ratio of 7.49. The firm has a fifty day simple moving average of GBX 64.72 and a 200-day simple moving average of GBX 71.51. Coats Group has a fifty-two week low of GBX 51.05 ($0.67) and a fifty-two week high of GBX 88 ($1.16). The company has a current ratio of 1.52, a quick ratio of 1.08 and a debt-to-equity ratio of 111.61.

In other news, insider Mike Clasper purchased 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average price of GBX 60 ($0.79) per share, with a total value of £120,000 ($157,853.20). Also, insider David Gosnell purchased 173,410 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average cost of GBX 57 ($0.75) per share, for a total transaction of £98,843.70 ($130,023.28).

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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Analyst Recommendations for Coats Group (LON:COA)

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