Coats Group PLC (LON:COA) Price Target Raised to GBX 90

Coats Group PLC (LON:COA) had its price objective lifted by Peel Hunt from GBX 72 ($0.94) to GBX 90 ($1.17) in a research report released on Wednesday, July 5th. The brokerage currently has a buy rating on the stock.

Separately, Canaccord Genuity lifted their target price on shares of Coats Group PLC from GBX 80 ($1.04) to GBX 100 ($1.30) and gave the stock a buy rating in a report on Monday, May 22nd.

Shares of Coats Group PLC (LON COA) traded up 2.60% on Wednesday, hitting GBX 79.00. 1,589,130 shares of the stock were exchanged. Coats Group PLC has a one year low of GBX 28.80 and a one year high of GBX 79.00. The company has a 50-day moving average price of GBX 76.02 and a 200-day moving average price of GBX 65.13. The firm’s market capitalization is GBX 1.09 billion.

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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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