Coats Group PLC (LON:COA) Given Consensus Recommendation of “Buy” by Analysts

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Coats Group PLC (LON:COA) has received an average recommendation of “Buy” from the six research firms that are covering the company, reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 78 ($1.03).

A number of brokerages have commented on COA. Peel Hunt decreased their price target on Coats Group from GBX 100 ($1.32) to GBX 90 ($1.18) and set a “buy” rating on the stock in a research note on Friday, November 22nd. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Coats Group in a research note on Wednesday, October 9th. Barclays reaffirmed an “equal weight” rating and issued a GBX 76 ($1.00) price target on shares of Coats Group in a research note on Wednesday, January 8th. Peel Hunt reaffirmed a “buy” rating on shares of Coats Group in a research note on Tuesday, November 26th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Coats Group in a research note on Thursday, October 24th.

In related news, insider Nicholas Bull purchased 100,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were acquired at an average cost of GBX 72 ($0.95) per share, with a total value of £72,000 ($94,711.92).

LON:COA traded down GBX 1.40 ($0.02) during trading hours on Friday, reaching GBX 78.20 ($1.03). The company’s stock had a trading volume of 2,979,412 shares, compared to its average volume of 3,670,000. The company has a debt-to-equity ratio of 119.22, a quick ratio of 1.09 and a current ratio of 1.62. The firm has a market capitalization of $1.13 billion and a price-to-earnings ratio of 22.34. The firm has a 50-day simple moving average of GBX 73.54 and a 200-day simple moving average of GBX 74.86. Coats Group has a 1 year low of GBX 65.30 ($0.86) and a 1 year high of GBX 92.20 ($1.21).

About Coats Group

Coats Group plc manufactures and supplies industrial threads worldwide. It provides sewing threads; engineered yarns; metal, plastic, and spiral zippers; and interlinings and reflective tapes for apparel, automotive and other transport, composite, electronic textile, fashion accessories travel and luggage, footwear, household and recreation, medical, health and food, personal protection, wire and cable, and other applications.

Further Reading: Cash Flow

Analyst Recommendations for Coats Group (LON:COA)

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