Coats Group (LON:COA) had its price target cut by analysts at Berenberg Bank from GBX 100 ($1.40) to GBX 95 ($1.33) in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 29.08% from the stock’s previous close.
Separately, Peel Hunt restated a “buy” rating and issued a GBX 90 ($1.26) price objective on shares of Coats Group in a report on Tuesday, October 31st.
Shares of Coats Group (LON:COA) traded down GBX 2.70 ($0.04) during midday trading on Thursday, hitting GBX 73.60 ($1.03). The stock had a trading volume of 3,023,734 shares, compared to its average volume of 2,480,000. The company has a market cap of $1,040.00 and a PE ratio of 1,840.00. Coats Group has a 12 month low of GBX 50 ($0.70) and a 12 month high of GBX 90 ($1.26).
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Coats Group plc is a United Kingdom-based company engaged in industrial thread manufacturing. The Company’s segments are Industrial and Crafts. It offers clothing, accessories, furniture, fiber optics and healthcare items. It also offers technical threads used in various industries, such as automotive; bedding and mattresses; flame retardant protective wear; outdoor goods/sports equipment, and home textiles.
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