Coats Group (LON:COA) Earns “Buy” Rating from Deutsche Bank Aktiengesellschaft

Coats Group (LON:COA)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank Aktiengesellschaft in a report issued on Thursday, Digital Look reports. They currently have a GBX 90 ($1.14) target price on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 11.11% from the company’s current price.

Coats Group Trading Up 1.6 %

Shares of Coats Group stock opened at GBX 81 ($1.02) on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.16 and a debt-to-equity ratio of 102.36. The firm has a market cap of £1.29 billion, a price-to-earnings ratio of 2,013.53, a price-to-earnings-growth ratio of 0.92 and a beta of 1.38. Coats Group has a 52-week low of GBX 63.50 ($0.80) and a 52-week high of GBX 89.60 ($1.13). The company’s 50-day simple moving average is GBX 83.58 and its 200-day simple moving average is GBX 77.90.

Coats Group Company Profile

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.