Coats Group (LON:COA) Hits New 1-Year Low at $55.20

Coats Group plc (LON:COAGet 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

The firm also recently announced a dividend, which will be paid on Wednesday, November 16th. Stockholders of record on Thursday, October 20th will be given a dividend of $0.01 per share. This represents a dividend yield of 0.77%. The ex-dividend date is Thursday, October 20th. Coats Group’s dividend payout ratio is presently 35.17%.

About Coats Group

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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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