David Paja Acquires 150,000 Shares of Coats Group plc (LON:COA) Stock

Coats Group plc (LON:COA) insider David Paja purchased 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were acquired at an average price of GBX 97 ($1.27) per share, with a total value of £145,500 ($190,420.10).

Coats Group Stock Down 0.7 %

LON COA opened at GBX 96.60 ($1.26) on Friday. The stock has a market cap of £1.54 billion, a PE ratio of 1,932.00, a PEG ratio of 0.92 and a beta of 1.40. Coats Group plc has a twelve month low of GBX 64.30 ($0.84) and a twelve month high of GBX 104.20 ($1.36). The firm has a 50-day simple moving average of GBX 98.71 and a 200 day simple moving average of GBX 88.89. The company has a debt-to-equity ratio of 97.61, a quick ratio of 1.06 and a current ratio of 1.20.

Coats Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 17th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a yield of 0.81%. Coats Group’s dividend payout ratio is 4,000.00%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 90 ($1.18) price objective on shares of Coats Group in a research report on Thursday, July 4th. Berenberg Bank upped their price objective on shares of Coats Group from GBX 120 ($1.57) to GBX 135 ($1.77) and gave the company a “buy” rating in a research report on Wednesday, September 4th.

About Coats Group

Coats Group plc, together with its subsidiaries, manufactures and supplies industrial sewing threads worldwide. The company provides threads, yarns, zips, trims, composites, and fabrics for use in apparel, such as children's wear, denims, intimate and underwear, ladieswear, leather wear, menswear, sports and activewear, and workwear & uniforms; handbags, luggage, bags, and fashion accessories; dress and casual, protective, and sports footwear; home textiles, mattress and beddings, outdoor goods, and sporting goods; cut protection, fire services, healthcare PPE, industrial thermal, and military purposes; automotive, marine, and tyre cord applications; telecoms and energy cables; and tea bags, and medical and filtration purpose.