Coats Group plc (LON:COA) Insider Steve Murray Buys 35,000 Shares of Stock

Coats Group plc (LON:COA) insider Steve Murray bought 35,000 shares of the stock in a transaction on Monday, December 16th. The stock was purchased at an average price of GBX 95 ($1.21) per share, with a total value of £33,250 ($42,270.53).

Coats Group Price Performance

Shares of COA stock opened at GBX 94 ($1.20) on Wednesday. Coats Group plc has a fifty-two week low of GBX 66.40 ($0.84) and a fifty-two week high of GBX 104.20 ($1.32). 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 has a market capitalization of £1.49 billion, a price-to-earnings ratio of 1,880.00, a PEG ratio of 0.92 and a beta of 1.40. The stock’s 50-day simple moving average is GBX 95.52 and its 200-day simple moving average is GBX 93.05.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their price objective on Coats Group from GBX 120 ($1.53) to GBX 135 ($1.72) and gave the stock a “buy” rating in a research report on Wednesday, September 4th.

Coats Group Company Profile

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.