Coats Group (LON:COA) PT Lowered to GBX 90

Coats Group (LON:COA) had its price target dropped by research analysts at Berenberg Bank from GBX 100 ($1.31) to GBX 90 ($1.18) in a note issued to investors on Wednesday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 24.31% from the stock’s current price.

Separately, Peel Hunt restated a “buy” rating on shares of Coats Group in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Coats Group currently has an average rating of “Buy” and a consensus target price of GBX 89.40 ($1.17).

Shares of COA stock traded down GBX 1.10 ($0.01) on Wednesday, hitting GBX 72.40 ($0.95). The stock had a trading volume of 675,047 shares, compared to its average volume of 3,670,000. The stock has a market capitalization of $1.05 billion and a price-to-earnings ratio of 20.69. The business has a 50 day simple moving average of GBX 79.20. The company has a debt-to-equity ratio of 119.22, a current ratio of 1.62 and a quick ratio of 1.09. Coats Group has a 52-week low of GBX 69 ($0.90) and a 52-week high of GBX 92.20 ($1.20).

About Coats Group

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.

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Analyst Recommendations for Coats Group (LON:COA)

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