Coats Group CEO Purchases Significant Shareholding

Coats Group plc ( (GB:COA) ) has provided an update.

Coats Group plc announced a transaction involving the purchase of 150,000 ordinary shares by its CEO and Executive Director, David Paja. This transaction, conducted on the London Stock Exchange, reflects a significant investment in the company by its leadership, potentially signaling confidence in the company’s future performance and stability.

The most recent analyst rating on (GB:COA) stock is a Hold with a £0.80 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 Outperform.

Coats Group plc receives a moderate overall stock score of 70. The company’s solid financial performance and strategic corporate events, such as insider share purchases and strategic exits, are positive factors. However, high leverage and average technical indicators, alongside fair valuation metrics, suggest a balanced outlook. The focus on improving profitability and managing debt will be crucial for future growth.

To see Spark’s full report on GB:COA stock, click here.

More about Coats Group plc

Coats Group plc operates in the textiles industry, specializing in the production of industrial threads and consumer textiles. The company focuses on providing high-quality threads for a variety of applications, serving markets globally.

Average Trading Volume: 3,975,993

Technical Sentiment Signal: Sell

Current Market Cap: £1.21B

For a thorough assessment of COA stock, go to TipRanks’ Stock Analysis page.