Berenberg Bank Raises Coats Group (LON:COA) Price Target to GBX 135

Coats Group (LON:COA) had its price target boosted by Berenberg Bank from GBX 120 ($1.58) to GBX 135 ($1.78) in a report published on Wednesday, Marketbeat reports. They currently have a buy rating on the stock.

Separately, Deutsche Bank Aktiengesellschaft reiterated a buy rating and issued a GBX 90 ($1.18) target price on shares of Coats Group in a research note on Thursday, July 4th.

Coats Group Stock Performance

Coats Group stock opened at GBX 98.10 ($1.29) on Wednesday. The firm’s 50 day simple moving average is GBX 92.60 and its 200-day simple moving average is GBX 84.59. Coats Group has a fifty-two week low of GBX 64.30 ($0.85) and a fifty-two week high of GBX 103.60 ($1.36). The company has a market cap of £1.56 billion, a P/E ratio of 1,964.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The company has a debt-to-equity ratio of 97.61, a current ratio of 1.20 and a quick ratio of 1.06.

Coats Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 17th will be given a dividend of $0.01 per share. This represents a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, October 17th. Coats Group’s payout ratio is 4,000.00%.

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.