Coats Group PLC Sees Major Change in Shareholder Voting Rights

Coats Group plc ( (GB:COA) ) just unveiled an announcement.

Coats Group PLC has announced a change in its major holdings, with Liontrust Investment Partners LLP reducing its voting rights from approximately 10% to just under 5%. This significant decrease in holdings could impact the company’s governance and decision-making processes, potentially influencing its strategic direction and stakeholder relations.

Spark’s Take on GB:COA Stock

According to Spark, TipRanks’ AI Analyst, GB:COA is a Neutral.

Coats Group plc receives an overall score of 64, reflecting a mix of solid financial performance and strategic corporate actions, tempered by bearish technical indicators. The company’s management confidence, as evidenced by share purchases and strategic exits, supports a positive outlook. However, high leverage and bearish market momentum pose challenges. The stock appears fairly valued with a reasonable P/E ratio and dividend yield, but technical analysis suggests caution.

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 operating in the textiles industry, primarily known for its production of industrial threads and consumer textile crafts. The company focuses on providing high-quality textile solutions to various markets globally.

YTD Price Performance: -21.50%

Average Trading Volume: 3,434,448

Technical Sentiment Signal: Hold

Current Market Cap: £1.18B

For detailed information about COA stock, go to TipRanks’ Stock Analysis page.