Coats Group (LON:COA) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Coats Group plc (LON:COA)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 83.79 and traded as high as GBX 89.70. Coats Group shares last traded at GBX 88.40, with a volume of 14,594,623 shares traded.

Analysts Set New Price Targets

COA has been the subject of several analyst reports. Peel Hunt reiterated a “buy” rating and set a GBX 125 price target on shares of Coats Group in a research report on Friday, November 7th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 130 target price on shares of Coats Group in a report on Monday, November 10th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 121.67.

Coats Group Stock Up 2.9%

The firm’s 50 day moving average is GBX 83.98 and its two-hundred day moving average is GBX 80.87. The firm has a market cap of £1.74 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 103.51.

Coats Group Company Profile

Coats is a world-leading Tier 2 manufacturer and trusted partner for the apparel and footwear industries. We deliver essential materials, components, and software solutions that help our customers grow, compete and win.
With over 250 years of industry expertise, we’re shaping the future of the apparel and footwear supply chain through insight-led innovation, impactful sustainability practices, and digital technologies that unlock better product quality, efficiency and performance.
Headquartered in the UK, Coats is a FTSE 250 company and a constituent of the FTSE4Good Index.