Coats Group (LON:COA) Rating Reiterated by Royal Bank of Canada

Coats Group (LON:COA – Get Rating)‘s stock had its “outperform” rating reaffirmed by Royal Bank of Canada in a research report issued on Wednesday, MarketBeat.com reports. They presently have a GBX 110 ($1.37) target price on the stock. Royal Bank of Canada’s price objective points to a potential upside of 58.27% from the company’s current price.

Several other equities analysts also recently commented on COA. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 102 ($1.27) target price on shares of Coats Group in a research report on Thursday, March 23rd. Berenberg Bank increased their target price on Coats Group from GBX 90 ($1.12) to GBX 100 ($1.24) and gave the company a “buy” rating in a research report on Friday, March 10th. Finally, Barclays dropped their target price on Coats Group from GBX 105 ($1.31) to GBX 90 ($1.12) and set an “equal weight” rating for the company in a research report on Monday.

Coats Group Price Performance

Shares of COA stock opened at GBX 69.50 ($0.86) on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.75 and a debt-to-equity ratio of 96.12. The company has a market cap of £1.11 billion, a P/E ratio of 1,737.50, a P/E/G ratio of 0.92 and a beta of 1.39. Coats Group has a twelve month low of GBX 50.30 ($0.63) and a twelve month high of GBX 80.60 ($1.00). The business has a fifty day simple moving average of GBX 74.14 and a 200 day simple moving average of GBX 71.57.

Insider Transactions at Coats Group

In other news, insider Jackie Callaway bought 63,773 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The shares were acquired at an average price of GBX 78 ($0.97) per share, for a total transaction of £49,742.94 ($61,869.33). 1.90% of the stock is currently owned by corporate insiders.

Coats Group Company Profile

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Coats Group plc, together with its subsidiaries, manufactures and supplies industrial threads worldwide. The company provides apparel and footwear, and accessories threads for sport/athleisure, denim, women wear, menswear, children's wear, leather wear, workwear, footwear, and intimates and underwear under Epic, Dual Duty, Seamsoft, Nylbond, Gral, Gramax, Astra, Sylko, Knit, EcoVerde, Eloflex, and Drybond brands; zips, trims, and crafting's for use in zips, interlinings, reflective tapes, and crafting products under Opti, Signal, and Connect brands; and software solutions that enables supply chain productivity gains and enhances supply and facilitating compliance under Coats Digital, FastReactPlan, VisionPLM, GSDCost, Intellocut, and Intellobuy.