Berenberg Bank Reiterates Buy Rating for Coats Group (LON:COA)

Coats Group (LON:COA)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They presently have a GBX 135 ($1.74) target price on the stock. Berenberg Bank’s price target suggests a potential upside of 61.87% from the stock’s current price.

Coats Group Stock Down 2.9 %

Shares of LON COA opened at GBX 83.40 ($1.08) on Thursday. The company has a 50 day simple moving average of GBX 91.14 and a 200 day simple moving average of GBX 94.85. The firm has a market cap of £1.68 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. Coats Group has a 1 year low of GBX 73.50 ($0.95) and a 1 year high of GBX 104.20 ($1.35). The company has a debt-to-equity ratio of 103.51, a current ratio of 1.20 and a quick ratio of 1.06.

Insider Activity

In other news, insider Steve Murray acquired 35,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were purchased at an average cost of GBX 95 ($1.23) per share, with a total value of £33,250 ($42,975.31). Also, insider David Paja acquired 150,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of GBX 95 ($1.23) per share, for a total transaction of £142,500 ($184,179.91). 1.65% of the stock is currently owned by company insiders.

About Coats Group

About Coats Group plc

Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data, and the environment.