Coats Group Launches Retail Offer to Fund OrthoLite Acquisition

The latest announcement is out from Coats Group plc ( (GB:COA) ).

Coats Group plc has announced a retail offer using the RetailBook platform to issue new Ordinary Shares as part of a capital raise aimed at funding the acquisition of OrthoLite Holdings LLC. This acquisition, valued at $770 million, is set to enhance Coats’ position in the footwear components market by expanding into the high-growth premium insole segment. The retail offer is open to both existing shareholders and new investors, with the proceeds being used alongside new debt facilities to fund the acquisition. This strategic move is expected to strengthen Coats’ market presence and provide growth opportunities in the footwear industry.

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 in the industrial thread and footwear component industry, focusing on providing high-quality products for various markets.

Average Trading Volume: 3,901,877

Technical Sentiment Signal: Buy

Current Market Cap: £1.31B

Find detailed analytics on COA stock on TipRanks’ Stock Analysis page.