Colefax Group (LON:CFX) Sets New 52-Week High – Still a Buy?

Colefax Group PLC (LON:CFX) shares reached a new 52-week high on Thursday . The company traded as high as GBX 940 and last traded at GBX 940, with a volume of 6335 shares traded. The stock had previously closed at GBX 930.

Analysts Set New Price Targets

Separately, Peel Hunt reaffirmed an “add” rating and set a GBX 870 price objective on shares of Colefax Group in a research note on Tuesday, July 29th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 870.

Colefax Group Price Performance

The stock has a market cap of £49.13 million, a PE ratio of 8.77 and a beta of 0.22. The stock’s fifty day moving average is GBX 884.06 and its 200-day moving average is GBX 835.83. The company has a debt-to-equity ratio of 73.77, a current ratio of 1.97 and a quick ratio of 1.25.

Insider Activity

In related news, insider Alan Smith sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of GBX 880, for a total value of £44,000. Also, insider David Green sold 123,231 shares of the stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of GBX 880, for a total value of £1,084,432.80. In the last 90 days, insiders sold 143,231 shares of company stock worth $126,043,280. Corporate insiders own 23.62% of the company’s stock.

About Colefax Group

Colefax Group PLC, together with its subsidiaries, engages in the design, marketing, distribution, and retailing of furnishing fabrics, wallpapers, trimmings, upholstered furniture, and related products in the United Kingdom, the United States, rest of Europe, and internationally. The company operates in two divisions, Product and Decorating.