Coats Group CFO Acquires Shares, Signaling Confidence in Future Performance

Coats Group plc ( (GB:COA) ) has shared an announcement.

Coats Group plc announced a transaction involving the purchase of ordinary shares by Hannah Nichols, the Chief Financial Officer and Executive Director. The transaction, which took place on the London Stock Exchange, involved the acquisition of 26,092 shares at a price of £0.762645 per share, amounting to a total of £19,898.93. This move reflects the company’s ongoing strategic decisions and may indicate confidence in its future performance.

The most recent analyst rating on (GB:COA) stock is a Buy with a £110.00 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 Outperform.

Coats Group plc’s overall stock score reflects strong financial performance and positive corporate events, with technical indicators suggesting a neutral to slightly bullish short-term outlook. The company’s strategic actions to improve profitability and executive confidence through share purchases bolster its market position despite high leverage and cash flow challenges.

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, primarily focusing on the manufacture and distribution of industrial threads and consumer textile crafts. The company is known for its market-leading products and services that cater to a diverse range of sectors including apparel, footwear, and performance materials.

Average Trading Volume: 3,959,746

Technical Sentiment Signal: Hold

Current Market Cap: £1.21B

See more data about COA stock on TipRanks’ Stock Analysis page.