Coats Group PLC (LON:COA) traded up 2.6% during mid-day trading on Friday . The stock traded as high as GBX 79.05 ($1.03) and last traded at GBX 78.75 ($1.03), 1,598,851 shares changed hands during mid-day trading. A decline of 56% from the average session volume of 3,670,000 shares. The stock had previously closed at GBX 76.75 ($1.00).
Several analysts have issued reports on the stock. Berenberg Bank decreased their price target on shares of Coats Group from GBX 100 ($1.31) to GBX 90 ($1.18) and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Peel Hunt restated a “buy” rating on shares of Coats Group in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 84.50 ($1.10).
The company has a debt-to-equity ratio of 119.22, a quick ratio of 1.09 and a current ratio of 1.62. The company has a market capitalization of $1.14 billion and a price-to-earnings ratio of 22.50. The firm’s 50-day simple moving average is GBX 75.65 and its 200-day simple moving average is GBX 80.48.
The business also recently declared a dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 24th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a yield of 0.57%. Coats Group’s dividend payout ratio is 0.29%.
Coats Group Company Profile (LON:COA)
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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