Coats Group (LON:COA) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of Coats Group plc (LON:COA) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 80.93 and traded as high as GBX 81.70. Coats Group shares last traded at GBX 81.20, with a volume of 1,797,414 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 110 target price on shares of Coats Group in a research report on Wednesday, July 16th. Berenberg Bank reiterated a “buy” rating and issued a GBX 130 target price on shares of Coats Group in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 120.

Coats Group Stock Up 0.2%

The firm has a market cap of £1.56 billion, a P/E ratio of 16.78, a P/E/G ratio of 0.92 and a beta of 1.40. The business’s fifty day moving average price is GBX 80.93 and its two-hundred day moving average price is GBX 77.91. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 103.51.

Insider Buying and Selling at Coats Group

In other Coats Group news, insider David Paja purchased 250,000 shares of the business’s stock in a transaction dated Friday, October 17th. The shares were acquired at an average price of GBX 78 per share, for a total transaction of £195,000. Corporate insiders own 3.19% 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.