Berenberg Bank Reiterates “Buy” Rating for Coats Group (LON:COA)

Coats Group (LON:COA)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They currently have a GBX 125 ($1.71) price target on the stock. Berenberg Bank’s target price points to a potential upside of 54.70% from the stock’s current price.

Coats Group Price Performance

Coats Group stock opened at GBX 80.80 ($1.10) on Thursday. The company has a market cap of £1.62 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 0.92 and a beta of 1.40. The firm’s fifty day moving average is GBX 76.77 and its 200 day moving average is GBX 82.57. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 103.51. Coats Group has a 52-week low of GBX 64.80 ($0.88) and a 52-week high of GBX 104.20 ($1.42).

Insiders Place Their Bets

In other Coats Group news, insider Hannah Nichols purchased 26,092 shares of the firm’s stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average price of GBX 76 ($1.04) per share, with a total value of £19,829.92 ($27,064.17). Also, insider David Paja purchased 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average cost of GBX 75 ($1.02) per share, for a total transaction of £112,500 ($153,541.70). 1.65% of the stock is owned by corporate insiders.

Coats Group Company Profile

Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data and the environment.