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The latest announcement is out from Coats Group plc ( (GB:COA) ).
Coats Group plc has completed its acquisition of OrthoLite Holdings LLC, a global leader in premium insoles, to enhance its footwear business by expanding into the high-growth insole segment. This strategic move is expected to accelerate growth through innovation and cross-selling, with anticipated cost synergies of $20 million by 2028. The acquisition aligns with Coats’ strategy to build a growth-oriented group and is accompanied by a reorganization into two divisions: Apparel and Footwear, aimed at reducing internal complexity and improving operational efficiency. The company’s trading remains in line with expectations, and the new structure will be reflected in external reporting from the next financial year.
The most recent analyst rating on (GB:COA) stock is a Hold with a £87.00 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 exhibits solid financial performance with strong revenue growth and healthy operating margins, though high leverage and moderate net profit margin are concerns. Technical indicators suggest neutral to mild bullish momentum, while valuation metrics indicate the stock is fairly valued with an attractive dividend yield. These factors collectively contribute to a balanced stock score.
To see Spark’s full report on GB:COA stock, click here.
More about Coats Group plc
Coats Group plc is a world-leading Tier 2 manufacturer and trusted partner for the apparel and footwear industries. The company provides essential materials, components, and software solutions to help customers grow, compete, and succeed. With over 250 years of industry expertise, Coats is committed to innovation, sustainability, and digital technologies to enhance product quality, efficiency, and performance. Headquartered in the UK, Coats is a FTSE 250 company and a constituent of the FTSE4Good Index, generating $1.5 billion in revenue in 2024 and employing 16,000 people worldwide.
Average Trading Volume: 4,715,211
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.59B
For detailed information about COA stock, go to TipRanks’ Stock Analysis page.