Coats Group PLC (COA) Earns “Buy” Rating from Canaccord Genuity

Canaccord Genuity restated their buy rating on shares of Coats Group PLC (LON:COA) in a report issued on Thursday, August 3rd. Canaccord Genuity currently has a GBX 100 ($1.30) target price on the stock.

A number of other research analysts also recently commented on the company. Peel Hunt increased their target price on Coats Group PLC from GBX 70 ($0.91) to GBX 72 ($0.94) and gave the company a buy rating in a research report on Wednesday, May 17th. Berenberg Bank initiated coverage on Coats Group PLC in a research report on Friday, July 7th. They set a buy rating and a GBX 100 ($1.30) target price for the company.

Coats Group PLC (COA) opened at 72.00 on Thursday. Coats Group PLC has a 1-year low of GBX 29.00 and a 1-year high of GBX 81.20. The stock’s market capitalization is GBX 1.00 billion. The firm’s 50 day moving average is GBX 76.65 and its 200 day moving average is GBX 66.47.

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The company also recently announced a dividend, which will be paid on Friday, November 17th. Stockholders of record on Thursday, October 26th will be given a dividend of $0.00 per share. The ex-dividend date is Thursday, October 26th. This represents a dividend yield of 0.45%.

About Coats Group PLC

Coats Group plc is a United Kingdom-based company engaged in industrial thread manufacturing. The Company’s segments are Industrial and Crafts. It offers clothing, accessories, furniture, fiber optics and healthcare items. It also offers technical threads used in various industries, such as automotive; bedding and mattresses; flame retardant protective wear; outdoor goods/sports equipment, and home textiles.

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