Coats Group’s (COA) “Buy” Rating Reiterated at Peel Hunt
Peel Hunt reiterated their buy rating on shares of Coats Group (LON:COA) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.
A number of other research firms also recently commented on COA. HSBC set a €10.10 ($11.74) price target on Deutz and gave the company a buy rating in a research note on Friday, March 22nd. Barclays boosted their price target on Stanley Black & Decker from $135.00 to $145.00 and gave the company an overweight rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Coats Group has an average rating of Buy and a consensus target price of GBX 92.83 ($1.21).
COA stock traded up GBX 0.50 ($0.01) during midday trading on Monday, reaching GBX 79.75 ($1.04). The company had a trading volume of 1,196,295 shares, compared to its average volume of 3,670,000. The stock has a market capitalization of $1.15 billion and a P/E ratio of 29.54. The company’s 50 day simple moving average is GBX 79.38. Coats Group has a 1-year low of GBX 69 ($0.90) and a 1-year high of GBX 92.20 ($1.20). 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 plc manufactures and supplies industrial threads worldwide. It provides sewing threads; engineered yarns; metal, plastic, and spiral zippers; and interlinings and reflective tapes for apparel, automotive and other transport, composite, electronic textile, fashion accessories travel and luggage, footwear, household and recreation, medical, health and food, personal protection, wire and cable, and other applications.
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