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An update from Coats Group plc ( (GB:COA) ) is now available.
Coats Group plc has announced a retail offer of new Ordinary Shares through the RetailBook platform to fund the acquisition of OrthoLite Holdings LLC, valued at $770 million. This strategic move is expected to enhance Coats’ position in the footwear industry by expanding into the high-growth premium insole market, with the retail offer available to both existing shareholders and new investors in the UK.
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’s overall stock score is driven by solid financial performance and confidence from recent corporate events. The technical indicators suggest a neutral to slightly bullish outlook, while the valuation remains attractive with a reasonable P/E ratio and a good dividend yield. However, high leverage presents a risk that requires careful management.
To see Spark’s full report on GB:COA stock, click here.
More about Coats Group plc
Coats Group plc is a leading global manufacturer specializing in industrial threads and footwear components. The company focuses on providing high-quality products to the footwear industry, aiming to strengthen its market position by expanding into premium insole segments.
Average Trading Volume: 3,901,877
Technical Sentiment Signal: Buy
Current Market Cap: £1.31B
Learn more about COA stock on TipRanks’ Stock Analysis page.