Coats Group PLC’s (COA) Buy Rating Reiterated at Peel Hunt
Separately, Canaccord Genuity assumed coverage on Coats Group PLC in a report on Monday, December 12th. They set a buy rating and a GBX 88 ($1.07) target price on the stock.
Shares of Coats Group PLC (LON:COA) opened at 55.9999 on Tuesday. The firm has a 50-day moving average price of GBX 44.97 and a 200-day moving average price of GBX 34.66. The stock’s market cap is GBX 773.76 million. Coats Group PLC has a 52 week low of GBX 21.25 and a 52 week high of GBX 56.00.
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In other Coats Group PLC news, insider Simon Boddie acquired 100,000 shares of the stock in a transaction on Thursday, December 22nd. The stock was purchased at an average price of GBX 51 ($0.62) per share, for a total transaction of £51,000 ($62,021.16). Also, insider Rajiv Sharma acquired 200,000 shares of the stock in a transaction on Tuesday, December 20th. The shares were acquired at an average price of GBX 51 ($0.62) per share, with a total value of £102,000 ($124,042.32).
About Coats Group PLC
Coats Group plc, formerly Guinness Peat Group plc, is a United Kingdom-based company engaged in industrial thread and consumer textiles crafts business. The Company’s segments are Industrial and Crafts. It offers apparel, footwear and accessories threads; zips and trims products, and coats global services.
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