Shares in Coats (COA.L) have fallen dramatically from recent highs of 91.2p. Will it continue, or is this an opportunity to pick up a bargain?

• Now trading at 70.35p (at time of writing). A return to previous highs would represent a rise of 29%.
• This stock is one of the most significant fallers in the period.
• Is the trend your friend, or is a bounce imminent?
• The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
• Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
• Shares -22% from 12-month highs; +1% from 12 month lows.

Latest News

15 Aug:  Berenberg reiterates its buy rating on Coats Group Plc (COA) and reduced the target price to 90p (from 100p).

01 Aug:  Coats Group reported an increase in profits. This was due to on better margins, despite variable conditions in the industrial and retail markets.

23 May:  Coats Group stated that sales in the first-four months of the year declined, as growth across both its performance materials and apparel and footwear business units was offset by foreign currency losses.

22 Mar:  HSBC reiterates its reduce rating on Coats Group Plc (COA) and reduced the target price to 68p (from 70p).

04 Mar:  Barclays Capital reiterates its equal weight rating on Coats Group Plc (COA) and reduced the target price to 70p (from 75p).

01 Mar:  Coats Group’s profits announced that profits had declined slightly, due to reduced demand for zips dented apparel and footwear revenue.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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