Insider Buying: Coats Group plc (LON:COA) Insider Purchases 150,000 Shares of Stock

Coats Group plc (LON:COA) insider David Paja purchased 150,000 shares of the stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of GBX 95 ($1.21) per share, for a total transaction of £142,500 ($181,159.42).

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

• On Wednesday, October 9th, David Paja acquired 150,000 shares of Coats Group stock. The stock was bought at an average cost of GBX 97 ($1.23) per share, with a total value of £145,500 ($184,973.30).

Coats Group Stock Performance

COA opened at GBX 94 ($1.20) on Wednesday. Coats Group plc has a 1-year low of GBX 66.40 ($0.84) and a 1-year high of GBX 104.20 ($1.32). The company has a market capitalization of £1.49 billion, a price-to-earnings ratio of 1,880.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The business has a 50 day moving average price of GBX 95.52 and a two-hundred day moving average price of GBX 93.05. The company has a debt-to-equity ratio of 97.61, a current ratio of 1.20 and a quick ratio of 1.06.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their target price on shares of Coats Group from GBX 120 ($1.53) to GBX 135 ($1.72) and gave the company a “buy” rating in a research note 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.