The stock of Coats Group PLC (LON:COA) hit a new 52-week high and has GBX 51.41 target or 32.00% above today’s GBX 38.95 share price. The 6 months bullish chart indicates low risk for the GBX 553.27 million company. The 1-year high was reported on Nov, 15 by Barchart.com. If the GBX 51.41 price target is reached, the company will be worth GBX 177.05M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.17% or GBX 0.45 on November 15, hitting GBX 38.95. About 354,879 shares traded hands. Coats Group PLC (LON:COA) has risen 29.41% since April 15, 2016 and is uptrending. It has outperformed by 25.48% the S&P500.
More news for Coats Group PLC (LON:COA) were recently published by: Reuters.com, which released: “BRIEF-Coats Group appoints Simon Boddie as CFO” on June 03, 2016. Uk.Finance.Yahoo.com‘s article titled: “PEG Ratio (5 yr expected):” and published on March 24, 2014 is yet another important article.
Coats Group plc, formerly Guinness Peat Group plc, is a United Kingdom firm engaged in industrial thread and consumer textiles crafts business. The company has a market cap of 553.27 million GBP. The Company’s divisions are Industrial and Crafts. It has a 14.18 P/E ratio. It offers apparel, footwear and accessories threads; zips and trims products, and coats global services.
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