Peel Hunt Reaffirms Buy Rating for Coats Group (LON:COA)
Peel Hunt reiterated their buy rating on shares of Coats Group (LON:COA) in a research note published on Wednesday, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also recently commented on the stock. Berenberg Bank boosted their price objective on shares of Coats Group from GBX 55 ($0.68) to GBX 65 ($0.80) and gave the company a buy rating in a research report on Thursday, June 4th. Barclays reiterated an equal weight rating on shares of Coats Group in a research note on Monday, July 20th. Finally, HSBC upgraded shares of Coats Group to a buy rating and lowered their price target for the company from GBX 69 ($0.85) to GBX 62 ($0.76) in a research note on Wednesday, May 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 75 ($0.92).
COA opened at GBX 56.70 ($0.70) on Wednesday. The stock has a market capitalization of $819.91 million and a P/E ratio of 8.59. Coats Group has a 12 month low of GBX 0.53 ($0.01) and a 12 month high of GBX 83 ($1.02). The firm’s fifty day simple moving average is GBX 55.20 and its 200 day simple moving average is GBX 56.49. The company has a current ratio of 1.52, a quick ratio of 1.06 and a debt-to-equity ratio of 111.61.
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.
Receive News & Ratings for Coats Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coats Group and related companies with MarketBeat.com's FREE daily email newsletter.