Coats Group’s (COA) Buy Rating Reiterated at Peel Hunt
Other analysts have also recently issued research reports about the stock. Royal Bank of Canada assumed coverage on shares of Coats Group in a research note on Tuesday, November 20th. They set an outperform rating and a GBX 110 ($1.44) price objective for the company. Barclays reaffirmed an equal weight rating and set a GBX 75 ($0.98) price objective on shares of Coats Group in a research note on Friday, January 18th. Berenberg Bank reaffirmed a buy rating and set a GBX 110 ($1.44) price objective on shares of Coats Group in a research note on Thursday, November 22nd. Finally, HSBC assumed coverage on shares of Coats Group in a research note on Tuesday, February 12th. They set a reduce rating and a GBX 70 ($0.91) price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Coats Group currently has an average rating of Buy and a consensus price target of GBX 97 ($1.27).
Shares of LON COA opened at GBX 83 ($1.08) on Wednesday. Coats Group has a 12-month low of GBX 69 ($0.90) and a 12-month high of GBX 92.20 ($1.20). The stock has a market cap of $1.17 billion and a P/E ratio of 30.74. The company has a debt-to-equity ratio of 119.91, a current ratio of 1.60 and a quick ratio of 0.95.
Coats Group Company Profile
Coats Group plc manufactures and supplies industrial threads worldwide. It provides sewing threads, zips, engineered yarns, and embroidery products to apparel, footwear and accessories, technical sewing, and yarn industries; and consumer textile crafts for knitting, crochet, embroidery, patchwork and quilting, and sewing activities.
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