Coats Group PLC (LON:COA) has received an average recommendation of “Buy” from the six research firms that are covering the company, MarketBeat.com 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).
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
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