Insider Buying: Coats Group plc (LON:COA) Insider Acquires £249,999.75 in Stock

Coats Group plc (LON:COA) insider David Paja acquired 324,675 shares of the firm’s stock in a transaction dated Monday, July 21st. The shares were purchased at an average price of GBX 77 ($1.05) per share, with a total value of £249,999.75 ($339,673.57).

David Paja also recently made the following trade(s):

• On Wednesday, June 4th, David Paja acquired 150,000 shares of Coats Group stock. The shares were purchased at an average price of GBX 75 ($1.02) per share, with a total value of £112,500 ($152,853.26).

Coats Group Trading Up 1.4%

LON:COA opened at GBX 75 ($1.02) on Thursday. 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 market capitalization of £1.51 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 0.92 and a beta of 1.40. The firm has a fifty day simple moving average of GBX 78.15 and a two-hundred day simple moving average of GBX 81.23. Coats Group plc has a 12 month low of GBX 64.80 ($0.88) and a 12 month high of GBX 104.20 ($1.42).

Analysts Set New Price Targets

COA has been the subject of several recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 110 ($1.49) price objective on shares of Coats Group in a research report on Wednesday, July 16th. Berenberg Bank restated a “buy” rating and issued a GBX 125 ($1.70) price target on shares of Coats Group in a report on Thursday, July 3rd.

About Coats Group

Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data and the environment.