Coats Group (LON:COA) PT Raised to GBX 135 at Berenberg Bank

Coats Group (LON:COA) had its price objective hoisted by equities researchers at Berenberg Bank from GBX 120 ($1.58) to GBX 135 ($1.78) in a research note issued to investors on Wednesday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 35.27% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 90 ($1.18) price target on shares of Coats Group in a research note on Thursday, July 4th.

Coats Group Price Performance

Shares of COA stock opened at GBX 99.80 ($1.31) on Wednesday. The stock’s fifty day simple moving average is GBX 92.22 and its 200 day simple moving average is GBX 84.39. The company has a debt-to-equity ratio of 97.61, a current ratio of 1.20 and a quick ratio of 1.06. The firm has a market cap of £1.59 billion, a price-to-earnings ratio of 1,996.00, a P/E/G ratio of 0.92 and a beta of 1.40. Coats Group has a one year low of GBX 64.30 ($0.85) and a one year high of GBX 103.60 ($1.36).

Coats Group Company Profile

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.