Coats Group (COA) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of Coats Group (LON:COA) in a research report released on Thursday morning. Berenberg Bank currently has a GBX 100 ($1.35) target price on the stock.

Separately, Peel Hunt restated a buy rating and set a GBX 90 ($1.21) price objective on shares of Coats Group in a research note on Friday, December 1st.

Coats Group (LON:COA) traded up GBX 0.80 ($0.01) during trading on Thursday, reaching GBX 85.25 ($1.15). The company’s stock had a trading volume of 1,561,775 shares, compared to its average volume of 3,250,000. Coats Group has a 12-month low of GBX 40 ($0.54) and a 12-month high of GBX 90 ($1.21).

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About Coats Group

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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