Coats Group plc (LON:COA) Insider Acquires £49,158.41 in Stock

Coats Group plc (LON:COA) insider Sarah Highfield purchased 59,227 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of GBX 83 ($1.07) per share, for a total transaction of £49,158.41 ($63,545.00).

Coats Group Stock Performance

Coats Group stock opened at GBX 82.70 ($1.07) on Monday. The business has a 50 day moving average of GBX 89.68 and a 200-day moving average of GBX 94.07. The company has a market capitalization of £1.66 billion, a P/E ratio of 27.80, a P/E/G ratio of 0.92 and a beta of 1.40. Coats Group plc has a 1 year low of GBX 76.50 ($0.99) and a 1 year high of GBX 104.20 ($1.35). The company has a debt-to-equity ratio of 103.51, a current ratio of 1.20 and a quick ratio of 1.06.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 135 ($1.75) price target on shares of Coats Group in a research note on Thursday, March 6th.

Coats Group Company Profile

About Coats Group plc

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.