Coats Group (COA) Receives “Buy” Rating from Peel Hunt

Peel Hunt restated their buy rating on shares of Coats Group (LON:COA) in a research report sent to investors on Wednesday morning.

Several other research analysts have also commented on COA. Berenberg Bank reiterated a buy rating and issued a GBX 110 ($1.44) target price on shares of Coats Group in a research report on Wednesday, August 15th. Citigroup reiterated a buy rating and issued a GBX 109 ($1.42) target price on shares of Coats Group in a research report on Tuesday, August 28th.

Shares of COA traded up GBX 0.20 ($0.00) during mid-day trading on Wednesday, hitting GBX 84.10 ($1.10). The stock had a trading volume of 1,837,540 shares, compared to its average volume of 3,670,000. Coats Group has a fifty-two week low of GBX 55.50 ($0.73) and a fifty-two week high of GBX 90 ($1.18).

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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