Coats Group (LON:COA) Receives “Buy” Rating from Berenberg Bank

Coats Group (LON:COA)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a note issued to investors on Monday,Digital Look reports. They currently have a GBX 130 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 64.56% from the stock’s current price.

COA has been the subject of a number of other reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 125 price objective on shares of Coats Group in a research note on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 110 price target on shares of Coats Group in a research note on Wednesday, July 16th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 121.67.

Coats Group Price Performance

Shares of COA stock opened at GBX 79 on Monday. The firm’s 50 day moving average price is GBX 81.01 and its two-hundred day moving average price is GBX 78.04. The company has a debt-to-equity ratio of 103.51, a quick ratio of 1.06 and a current ratio of 1.20. Coats Group has a 52-week low of GBX 64.80 and a 52-week high of GBX 98.60. The stock has a market cap of £1.51 billion, a PE ratio of 16.29, a PEG ratio of 0.92 and a beta of 1.40.

Insiders Place Their Bets

In related news, insider David Paja purchased 250,000 shares of Coats Group stock in a transaction dated Friday, October 17th. The stock was bought at an average price of GBX 78 per share, for a total transaction of £195,000. Insiders own 3.19% of the company’s stock.

Coats Group Company Profile

Coats is a world-leading Tier 2 manufacturer and trusted partner for the apparel and footwear industries. We deliver essential materials, components, and software solutions that help our customers grow, compete and win.
With over 250 years of industry expertise, we’re shaping the future of the apparel and footwear supply chain through insight-led innovation, impactful sustainability practices, and digital technologies that unlock better product quality, efficiency and performance.
Headquartered in the UK, Coats is a FTSE 250 company and a constituent of the FTSE4Good Index.