Barclays Cuts Coats Group (OTCMKTS:CGGGF) Price Target to GBX 90

Coats Group (OTCMKTS:CGGGF – Get Rating) had its target price lowered by Barclays from GBX 105 ($1.31) to GBX 90 ($1.12) in a research report sent to investors on Monday, The Fly reports.

A number of other research analysts also recently weighed in on the stock. Berenberg Bank raised their price target on shares of Coats Group from GBX 90 ($1.12) to GBX 100 ($1.24) in a report on Monday, March 13th. Royal Bank of Canada upped their target price on shares of Coats Group from GBX 100 ($1.24) to GBX 110 ($1.37) in a research note on Thursday, May 11th.

Coats Group Stock Performance

CGGGF opened at $0.95 on Monday. Coats Group has a 1-year low of $0.83 and a 1-year high of $0.96. The business has a 50 day moving average price of $0.95 and a two-hundred day moving average price of $0.75.

About Coats Group

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Coats Group plc, together with its subsidiaries, manufactures and supplies industrial threads worldwide. The company provides apparel and footwear, and accessories threads for sport/athleisure, denim, women wear, menswear, children's wear, leather wear, workwear, footwear, and intimates and underwear under Epic, Dual Duty, Seamsoft, Nylbond, Gral, Gramax, Astra, Sylko, Knit, EcoVerde, Eloflex, and Drybond brands; zips, trims, and crafting's for use in zips, interlinings, reflective tapes, and crafting products under Opti, Signal, and Connect brands; and software solutions that enables supply chain productivity gains and enhances supply and facilitating compliance under Coats Digital, FastReactPlan, VisionPLM, GSDCost, Intellocut, and Intellobuy.