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An announcement from Coats Group plc ( (GB:COA) ) is now available.
Coats Group plc has announced the acquisition of OrthoLite Holdings LLC for $770 million, aiming to accelerate its growth strategy in the footwear industry. This acquisition is expected to enhance Coats’ market position by integrating OrthoLite’s premium insole technology and leveraging synergies to improve financial performance, with significant cost savings and growth opportunities anticipated by 2028.
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 company in the footwear components industry, known for its focus on innovation and sustainability. The company is expanding its market presence by acquiring OrthoLite Holdings LLC, a global leader in premium insoles, to enhance its product offerings and strengthen its position in the high-growth, high-margin footwear segment.
Average Trading Volume: 3,901,877
Technical Sentiment Signal: Buy
Current Market Cap: £1.31B
For an in-depth examination of COA stock, go to TipRanks’ Overview page.