Coats Group plc (LON:COA – Get Rating) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 55.20 ($0.67) and last traded at GBX 55.20 ($0.67), with a volume of 797574 shares trading hands. The stock had previously closed at GBX 57.50 ($0.69).
Analysts Set New Price Targets
COA has been the subject of a number of analyst reports. Barclays increased their price target on Coats Group from GBX 81 ($0.98) to GBX 90 ($1.09) and gave the company an “equal weight” rating in a research report on Thursday, August 4th. Berenberg Bank reissued a “buy” rating and issued a GBX 90 ($1.09) price target on shares of Coats Group in a research report on Wednesday, June 8th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 100 ($1.21) price target on shares of Coats Group in a research report on Tuesday.
Coats Group Trading Up 1.4 %
The stock has a market capitalization of £894.77 million and a PE ratio of 920.00. The firm has a 50-day moving average price of GBX 63.73 and a 200-day moving average price of GBX 68.01. The company has a current ratio of 1.66, a quick ratio of 1.06 and a debt-to-equity ratio of 62.26.
Coats Group Cuts Dividend
About Coats Group
Coats Group plc, together with its subsidiaries, manufactures and supplies industrial threads worldwide. The company provides apparel and footwear, and accessories threads for sport/athleisure, denim, women wear, menswear, children's wear, leather wear, workwear, footwear, and intimates and underwear under Epic, Dual Duty, Seamsoft, Nylbond, Gral, Gramax, Astra, Sylko, Knit, EcoVerde, Eloflex, and Drybond brands; zips, trims, and crafting's for use in zips, interlinings, reflective tapes, and crafting products under Opti, Signal, and Connect brands; and software solutions that enables supply chain productivity gains and enhances supply and facilitating compliance under Coats Digital, FastReactPlan, VisionPLM, GSDCost, Intellocut, and Intellobuy.
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