Coats Group plc (LON:COA) Insider Purchases £49,743.20 in Stock

Coats Group plc (LON:COA) insider Jackie Callaway acquired 76,528 shares of the firm’s stock in a transaction dated Thursday, November 25th. The stock was bought at an average cost of GBX 65 ($0.85) per share, with a total value of £49,743.20 ($64,989.81).

Coats Group stock traded down GBX 0.59 ($0.01) during mid-day trading on Thursday, reaching GBX 65.41 ($0.85). 1,120,358 shares of the company’s stock were exchanged, compared to its average volume of 1,858,215. Coats Group plc has a twelve month low of GBX 55.20 ($0.72) and a twelve month high of GBX 79.90 ($1.04). The company has a fifty day moving average of GBX 69.53 and a 200-day moving average of GBX 68. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 72.63. The company has a market cap of £950.13 million and a P/E ratio of 15.35.

Several research firms recently commented on COA. Royal Bank of Canada restated an “outperform” rating and set a GBX 95 ($1.24) price target on shares of Coats Group in a research report on Wednesday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 85 ($1.11) price objective on shares of Coats Group in a research note on Thursday, October 14th.

About Coats Group

Coats Group plc, together with its subsidiaries, manufactures and supplies industrial threads worldwide. It provides protective layers for cables/steel replacement composites under the Ultrabloc, Gotex ARG, Gotex FG, and Aptan brands; threads and yarns under the Neophil and Aptan XTRU brands; bedding quilting/tea bags under the Gral and Opti brands; and other technical applications for light/strong/flexible/threads under the Admiral FH, Prolene, and Magellan brands.

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