Coats Group (LON:COA) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Coats Group plc (LON:COA)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 84.91 and traded as high as GBX 92.50. Coats Group shares last traded at GBX 91, with a volume of 3,345,947 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on COA. Peel Hunt reiterated a “buy” rating and set a GBX 125 price target on shares of Coats Group in a research note on Friday, November 7th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 130 price objective on shares of Coats Group in a report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 121.67.

Coats Group Stock Performance

The firm’s 50-day moving average is GBX 84.91 and its 200 day moving average is GBX 81.39. The stock has a market cap of £1.74 billion, a PE ratio of 18.76, a P/E/G 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.

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.