Coats Group (LON:COA) Sets New 12-Month High at $81.90

Posted by Defense World Staff on Sep 24th, 2023

Shares of Coats Group plc (LON:COA – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 81.90 ($1.01) and last traded at GBX 81.20 ($1.01), with a volume of 928640 shares trading hands. The stock had previously closed at GBX 79.40 ($0.98).

Analysts Set New Price Targets

COA has been the topic of a number of recent research reports. Berenberg Bank restated a “buy” rating and set a GBX 100 ($1.24) price objective on shares of Coats Group in a research report on Wednesday, August 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 97 ($1.20) price target on shares of Coats Group in a report on Monday, July 3rd.

View Our Latest Research Report on COA

Coats Group Stock Performance

The company has a debt-to-equity ratio of 96.68, a current ratio of 1.76 and a quick ratio of 1.06. The firm has a fifty day moving average price of GBX 74.22 and a two-hundred day moving average price of GBX 73.08. The stock has a market capitalization of £1.29 billion, a PE ratio of 4,040.00, a P/E/G ratio of 0.92 and a beta of 1.35.

Coats Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be paid a $0.01 dividend. The ex-dividend date is Thursday, October 19th. This represents a yield of 0.9%. Coats Group’s dividend payout ratio (DPR) is currently 10,000.00%.

Insider Buying and Selling

In other news, insider David Gosnell acquired 150,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were bought at an average price of GBX 72 ($0.89) per share, with a total value of £108,000 ($133,779.26). 1.90% of the stock is owned by insiders.

About Coats Group

(Get Free Report)

Coats Group plc, together with its subsidiaries, manufactures and supplies industrial threads worldwide. The company provides threads, yarns, zips, trims, composites, and fabrics for use in apparel, such as children's wear, denims, intimate and underwear, ladieswear, leather wear, menswear, sports and activewear, and workwear & uniforms; handbags, luggage, bags, and fashion accessories; dress and casual, protective, and sports footwear; home textiles, mattress and beddings, outdoor goods, and sporting goods; cut protection, fire services, industrial thermal, and military purposes; automotive, marine, and tyre cord applications; telecoms and energy cables; and tea bags, and medical and filtration purpose.