Coats Group (LON:COA) Sets New 52-Week High at $104.20

Coats Group plc (LON:COA) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 104.20 ($1.38) and last traded at GBX 104.20 ($1.38), with a volume of 3579588 shares changing hands. The stock had previously closed at GBX 97.90 ($1.29).

Analyst Ratings Changes

A number of analysts have commented on COA shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 90 ($1.19) price target on shares of Coats Group in a research report on Thursday, July 4th. Berenberg Bank lifted their target price on Coats Group from GBX 120 ($1.59) to GBX 135 ($1.78) and gave the stock a “buy” rating in a report on Wednesday, September 4th.

Coats Group Stock Performance

The company has a debt-to-equity ratio of 97.61, a quick ratio of 1.06 and a current ratio of 1.20. The firm’s 50 day moving average price is GBX 95.81 and its 200-day moving average price is GBX 86.67. The firm has a market capitalization of £1.57 billion, a PE ratio of 1,972.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40.

Coats Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 17th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a yield of 0.81%. Coats Group’s dividend payout ratio is currently 4,000.00%.

About Coats Group

Coats Group plc, together with its subsidiaries, manufactures and supplies industrial sewing threads worldwide. The company provides threads, yarns, zips, trims, composites, and fabrics for use in apparel, such as children's wear, denims, intimate and underwear, ladieswear, leather wear, menswear, sports and activewear, and workwear & uniforms; handbags, luggage, bags, and fashion accessories; dress and casual, protective, and sports footwear; home textiles, mattress and beddings, outdoor goods, and sporting goods; cut protection, fire services, healthcare PPE, industrial thermal, and military purposes; automotive, marine, and tyre cord applications; telecoms and energy cables; and tea bags, and medical and filtration purpose.