Coats Group (LON:COA) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Coats Group plc (LON:COA)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 82.82 and traded as high as GBX 86.80. Coats Group shares last traded at GBX 86.80, with a volume of 2,217,450 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on COA shares. Peel Hunt reiterated a “buy” rating and set a GBX 125 target price on shares of Coats Group in a research note on Friday, November 7th. Berenberg Bank reiterated a “buy” rating and set a GBX 130 price objective on shares of Coats Group in a research report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Coats Group currently has an average rating of “Buy” and a consensus target price of GBX 121.67.

Coats Group Price Performance

The company has a fifty day simple moving average of GBX 82.82 and a two-hundred day simple moving average of GBX 80.27. The stock has a market capitalization of £1.66 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 0.92 and a beta of 1.40. The company has a debt-to-equity ratio of 103.51, a quick ratio of 1.06 and a current ratio of 1.20.

About Coats Group

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.