Coats Group (LON:COA) Price Target Lowered to GBX 90 at Barclays

Coats Group (LON:COA – Get Rating) had its price target cut by Barclays from GBX 105 ($1.31) to GBX 90 ($1.12) in a research note issued to investors on Monday morning, Digital Look reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also issued reports about the stock. Berenberg Bank boosted their price objective on shares of Coats Group from GBX 90 ($1.12) to GBX 100 ($1.24) and gave the stock a buy rating in a research report on Friday, March 10th. Jefferies Financial Group reiterated a buy rating and issued a GBX 102 ($1.27) price objective on shares of Coats Group in a research report on Thursday, March 23rd.

Coats Group Price Performance

Shares of LON COA opened at GBX 69.50 ($0.86) on Monday. The firm has a market capitalization of £1.11 billion, a P/E ratio of 1,737.50, a PEG ratio of 0.92 and a beta of 1.39. Coats Group has a one year low of GBX 50.30 ($0.63) and a one year high of GBX 80.60 ($1.00). The company’s fifty day moving average is GBX 74.14 and its two-hundred day moving average is GBX 71.57. The company has a debt-to-equity ratio of 96.12, a quick ratio of 1.06 and a current ratio of 1.75.

Coats Group Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, May 25th. Investors of record on Thursday, April 27th were paid a $0.02 dividend. This is an increase from Coats Group’s previous dividend of $0.01. The ex-dividend date was Thursday, April 27th. This represents a yield of 1.94%. Coats Group’s payout ratio is presently 5,000.00%.

Insider Activity at Coats Group

In other news, insider Jackie Callaway bought 63,773 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was purchased at an average price of GBX 78 ($0.97) per share, with a total value of £49,742.94 ($61,869.33). 1.90% of the stock is currently owned by corporate insiders.

Coats Group Company Profile

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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.