Royal Bank of Canada restated their outperform rating on shares of Coats Group (LON:COA) in a research note published on Wednesday morning, ThisIsMoney.Co.Uk reports.
Several other equities analysts have also issued reports on COA. Peel Hunt reaffirmed a buy rating on shares of Coats Group in a report on Monday, July 29th. Berenberg Bank dropped their price objective on Coats Group from GBX 100 ($1.31) to GBX 90 ($1.18) and set a buy rating on the stock in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Coats Group presently has an average rating of Hold and a consensus target price of GBX 84.50 ($1.10).
Shares of COA stock opened at GBX 71.25 ($0.93) on Wednesday. The stock’s 50-day moving average is GBX 74.07 and its two-hundred day moving average is GBX 78.90. The firm has a market cap of $1.03 billion and a price-to-earnings ratio of 20.36. Coats Group has a 1 year low of GBX 69 ($0.90) and a 1 year high of GBX 92.20 ($1.20). The company has a debt-to-equity ratio of 119.22, a quick ratio of 1.09 and a current ratio of 1.62.
About Coats Group
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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