Coats Group (LON:COA) Shares Pass Above Fifty Day Moving Average – Time to 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 81.09 and traded as high as GBX 84.90. Coats Group shares last traded at GBX 84.90, with a volume of 1,319,733 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently commented on COA. Peel Hunt reiterated a “buy” rating and issued a GBX 125 target price on shares of Coats Group in a research report on Friday, November 7th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 130 price objective on shares of Coats Group in a report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Coats Group presently has an average rating of “Buy” and an average target price of GBX 121.67.

Coats Group Stock Up 2.0%

The firm has a market cap of £1.63 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth 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 stock has a 50-day moving average of GBX 81.09 and a 200-day moving average of GBX 79.59.

Insider Activity at Coats Group

In other news, insider David Paja purchased 250,000 shares of the stock in a transaction dated Friday, October 17th. The stock was acquired at an average price of GBX 78 per share, for a total transaction of £195,000. Corporate insiders own 3.19% of the company’s stock.

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.