Coats Group (LON:COA) Earns Buy Rating from Berenberg Bank

Coats Group (LON:COA)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research note issued to investors on Thursday, MarketBeat reports. They presently have a GBX 125 ($1.71) price objective on the stock. Berenberg Bank’s target price would indicate a potential upside of 55.09% from the company’s current price.

Coats Group Trading Up 2.4%

LON:COA opened at GBX 80.60 ($1.10) on Thursday. The stock has a market capitalization of £1.62 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 0.92 and a beta of 1.40. Coats Group has a 52 week low of GBX 64.80 ($0.88) and a 52 week high of GBX 104.20 ($1.42). The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 103.51. The firm has a 50 day moving average of GBX 76.50 and a 200 day moving average of GBX 82.76.

Insider Transactions at Coats Group

In other Coats Group news, insider Hannah Nichols acquired 26,092 shares of the stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average price of GBX 76 ($1.04) per share, with a total value of £19,829.92 ($27,078.96). Also, insider David Gosnell bought 148,600 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of GBX 68 ($0.93) per share, for a total transaction of £101,048 ($137,987.16). Over the last three months, insiders have acquired 324,692 shares of company stock valued at $23,337,792. Corporate insiders own 1.65% of the company’s stock.

About Coats Group

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.