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The latest announcement is out from Coats Group plc ( (GB:COA) ).
Coats Group plc has announced a change in major holdings, with FIL Limited acquiring a significant increase in voting rights, now holding over 10% of the total. This acquisition indicates a strengthened influence of FIL Limited within the company, potentially impacting future strategic decisions and shareholder dynamics.
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 scores well due to strong financial performance and strategic corporate events, including insider confidence and strategic exits from non-core areas. However, high leverage and mixed technical indicators slightly temper the overall outlook.
To see Spark’s full report on GB:COA stock, click here.
More about Coats Group plc
Coats Group plc is a UK-based company known for its production of industrial threads and consumer textiles. It operates in the textile industry, focusing on providing high-quality sewing threads and yarns for various applications, including apparel, footwear, and performance materials.
Average Trading Volume: 4,496,885
Technical Sentiment Signal: Hold
Current Market Cap: £1.22B
For an in-depth examination of COA stock, go to TipRanks’ Overview page.