Peel Hunt Reiterates “Buy” Rating for Coats Group (COA)

Coats Group (LON:COA)‘s stock had its “buy” rating reissued by Peel Hunt in a research note issued on Wednesday.

A number of other research firms have also issued reports on COA. Berenberg Bank dropped their price target on Coats Group from GBX 100 ($1.36) to GBX 95 ($1.29) and set a “buy” rating for the company in a research report on Thursday, February 8th. Canaccord Genuity upped their price target on Coats Group from GBX 100 ($1.36) to GBX 120 ($1.63) and gave the company a “buy” rating in a research report on Tuesday, March 20th.

LON:COA opened at GBX 81 ($1.10) on Wednesday. Coats Group has a 12 month low of GBX 55.50 ($0.75) and a 12 month high of GBX 90 ($1.22).

In related news, insider Simon Boddie purchased 100,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of GBX 83 ($1.13) per share, for a total transaction of £83,000 ($112,588.17). Also, insider Hongyan Echo Lu purchased 15,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was bought at an average price of GBX 84 ($1.14) per share, with a total value of £12,600 ($17,091.70).

Coats Group Company Profile

Coats Group plc manufactures and supplies industrial threads worldwide. It provides sewing threads, zips, engineered yarns, and embroidery products to apparel, footwear and accessories, technical sewing, and yarn industries; and consumer textile crafts for knitting, crochet, embroidery, patchwork and quilting, and sewing activities.

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