Coats Group (LON:COA) Stock Passes Above 50 Day Moving Average – Should You Sell?

Coats Group plc (LON:COA) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 80.65 and traded as high as GBX 81.60. Coats Group shares last traded at GBX 80, with a volume of 4,937,040 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on COA. Peel Hunt restated a “buy” rating and set a GBX 125 price target on shares of Coats Group in a research note on Friday, November 7th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 130 target price on shares of Coats Group in a research report on Monday, November 10th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 121.67.

Coats Group Stock Performance

The stock has a market cap of £1.53 billion, a price-to-earnings ratio of 16.49, a P/E/G ratio of 0.92 and a beta of 1.40. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 103.51. The firm has a fifty day simple moving average of GBX 80.65 and a 200-day simple moving average of GBX 78.98.

Insider Buying and Selling at Coats Group

In related news, insider David Paja bought 250,000 shares of the business’s stock in a transaction on Friday, October 17th. The shares were purchased at an average price of GBX 78 per share, with a total value of £195,000. 3.19% of the stock is currently owned by company insiders.

Coats Group Company Profile

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.