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Coats Group plc ( (GB:COA) ) has shared an update.
Coats Group plc has announced a significant transaction involving its Chief Executive Officer and Executive Director, David Paja, who has purchased 250,000 ordinary shares of the company at a price of £0.7813198 per share. This transaction, conducted on the London Stock Exchange, reflects a total investment of £195,329.95, indicating a strong vote of confidence in the company’s future prospects by its leadership.
The most recent analyst rating on (GB:COA) stock is a Hold with a £87.00 price target. To see the full list of analyst forecasts on Coats Group plc stock, see the GB:COA Stock Forecast page.
Spark’s Take on GB:COA Stock
According to Spark, TipRanks’ AI Analyst, GB:COA is a Neutral.
Coats Group plc’s overall stock score is driven by solid financial performance and a fair valuation. The company’s high leverage and moderate net profit margin are areas of concern, but strong revenue growth and operating margins provide a positive outlook. Technical analysis suggests a neutral trend, with no strong momentum indicators.
To see Spark’s full report on GB:COA stock, click here.
More about Coats Group plc
Coats Group plc operates in the textile industry, specializing in the production of industrial threads and consumer textiles. The company is a key player in the global market, focusing on providing high-quality thread solutions to various sectors, including apparel, footwear, and performance materials.
Average Trading Volume: 6,986,711
Technical Sentiment Signal: Buy
Current Market Cap: £1.52B
For an in-depth examination of COA stock, go to TipRanks’ Overview page.