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Coats Group plc ( (GB:COA) ) just unveiled an announcement.
Coats Group plc has announced its acquisition of OrthoLite Holding LLC, a leader in premium insoles, for $770 million. This strategic move is expected to enhance Coats’ position in the footwear industry by integrating OrthoLite’s high-growth, high-margin business, and is projected to deliver significant cost synergies and financial benefits, including enhanced EBIT margins and EPS accretion from the first year.
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 Neutral.
Coats Group plc shows solid financial performance with strong revenue growth and operating margins. However, high leverage and bearish technical indicators present potential risks. Valuation is reasonable, supported by a decent dividend yield. Recent strategic acquisitions suggest positive long-term growth potential.
To see Spark’s full report on GB:COA stock, click here.
More about Coats Group plc
Coats Group plc is a prominent player in the textile industry, focusing on the production of threads and yarns. The company is expanding its footprint in the footwear components sector, aiming to become a leading supplier in this high-growth market.
Average Trading Volume: 6,285,254
Technical Sentiment Signal: Sell
Current Market Cap: £1.45B
See more data about COA stock on TipRanks’ Stock Analysis page.