Coats Group’s Chair Joins Princes Group Board Amid Market Debut

Coats Group plc ( (GB:COA) ) has shared an update.

Coats Group plc has announced that David Gosnell, the Non-Executive Chair of Coats, has been appointed as a Non-Executive Director of Princes Group plc, which has begun unconditional trading on the London Stock Exchange. This move reflects Coats’ strategic positioning in the market and could potentially enhance its influence and network within the industry, benefiting stakeholders through strengthened leadership and governance.

The most recent analyst rating on (GB:COA) stock is a Buy with a £130.00 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, providing essential materials, components, and software solutions. With over 250 years of industry expertise, Coats focuses on innovation, sustainability, and digital technologies to enhance product quality, efficiency, and performance. Headquartered in the UK, it is a FTSE 250 company and part of the FTSE4Good Index, generating $1.5 billion in revenue in 2024 with a global workforce of 16,000.

Average Trading Volume: 4,424,441

Technical Sentiment Signal: Buy

Current Market Cap: £1.54B

For a thorough assessment of COA stock, go to TipRanks’ Stock Analysis page.