Coats Group (LON:COA) Shares Up 2.6%

Coats Group PLC (LON:COA) shot up 2.6% on Friday . The company traded as high as GBX 79.05 ($1.03) and last traded at GBX 78.75 ($1.03), 1,598,851 shares traded 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).

A number of brokerages have weighed in on COA. Peel Hunt reaffirmed a “buy” rating on shares of Coats Group in a research note on Monday, July 29th. Berenberg Bank dropped their target price on shares of Coats Group from GBX 100 ($1.31) to GBX 90 ($1.18) and set a “buy” rating for the company in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 84.50 ($1.10).

The firm’s 50-day moving average price is GBX 75.65 and its 200 day moving average price is GBX 80.48. 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 cap of $1.14 billion and a price-to-earnings ratio of 22.50.

The firm also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 24th will be given a dividend of $0.01 per share. This represents a dividend yield of 0.57%. The ex-dividend date is Thursday, October 24th. Coats Group’s dividend payout ratio is 0.29%.

About Coats Group (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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