Coats Group plc (LON:COA) Insider David Paja Purchases 150,000 Shares

Coats Group plc (LON:COA) insider David Paja bought 150,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of GBX 95 ($1.20) per share, for a total transaction of £142,500 ($179,924.24).

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

• On Wednesday, October 9th, David Paja purchased 150,000 shares of Coats Group stock. The stock was acquired at an average cost of GBX 97 ($1.22) per share, with a total value of £145,500 ($183,712.12).

Coats Group Stock Performance

Shares of Coats Group stock opened at GBX 94.33 ($1.19) on Monday. The business has a 50-day simple moving average of GBX 95.59 and a 200-day simple moving average of GBX 92.93. The company has a debt-to-equity ratio of 97.61, a quick ratio of 1.06 and a current ratio of 1.20. Coats Group plc has a one year low of GBX 66.40 ($0.84) and a one year high of GBX 104.20 ($1.32). The company has a market cap of £1.50 billion, a PE ratio of 1,896.00, a P/E/G ratio of 0.92 and a beta of 1.40.

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their price objective on Coats Group from GBX 120 ($1.52) to GBX 135 ($1.70) 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.