Coats Group (LON:COA) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Coats Group plc (LON:COA) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 82.82 and traded as high as GBX 86.80. Coats Group shares last traded at GBX 86.80, with a volume of 2,217,450 shares traded.

Wall Street Analysts Forecast Growth

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

Coats Group Stock Performance

The stock has a market capitalization of £1.66 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 0.92 and a beta of 1.40. The company’s fifty day simple moving average is GBX 82.82 and its 200 day simple moving average is GBX 80.27. The company has a quick ratio of 1.06, a current ratio of 1.20 and a debt-to-equity ratio of 103.51.

About Coats Group

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.