Coats Group PLC 12.5% potential upside indicated by Barclays

Coats Group PLC with ticker (LON:COA) now has a potential upside of 12.5% according to Barclays.



Barclays set a target price of 68 GBX for the company, which when compared to the Coats Group PLC share price of 60 GBX at opening today (24/02/2022) indicates a potential upside of 12.5%. Trading has ranged between 55 (52 week low) and 80 (52 week high) with an average of 1,062,754 shares exchanging hands daily. The market capitalisation at the time of writing is £849,477,447.

Coats Group plc (Coats) is a United Kingdom-based industrial thread company. The Company’s segment includes Apparel & Footwear and Performance Materials. It provides complementary products, services and software solutions to the apparel and footwear (A&F) industries. It offers techniques to develop technology performance materials (PM) threads, yarns and fabrics. The Company manufactures thread, zip and trim solutions for outdoor apparel. It also offers a range of products and solutions to reduce the occurrence of down leakage in outdoor wear garments. It provides a range of products in embroidery and embellishment threads. In addition, it provides a range of sewing threads for use in the manufacture of children’s garments. The Company offers its products and services to various industries, including apparel, fashion accessories, travel and luggage, footwear, household and recreation, personal protection, transportation, telecoms and energy, and other industrial applications.