Coats Group PLC 18.8% potential upside indicated by Berenberg Bank

Coats Group PLC with ticker (LON:COA) now has a potential upside of 18.8% according to Berenberg Bank.



Berenberg Bank set a target price of 85 GBX for the company, which when compared to the Coats Group PLC share price of 69 GBX at opening today (21/10/2021) indicates a potential upside of 18.8%. Trading has ranged between 54 (52 week low) and 80 (52 week high) with an average of 2,400,423 shares exchanging hands daily. The market capitalisation at the time of writing is £975,447,499.

Coats Group plc is a United Kingdom-based company engaged in industrial thread manufacturing. The Company’s segments are Industrial and Crafts. It offers clothing, accessories, furniture, fiber optics and healthcare items. It also offers technical threads used in various industries, such as automotive; bedding and mattresses; flame retardant protective wear; outdoor goods/sports equipment, and home textiles. It offers engineered yarns and cable fillers for fiber optic and telecoms applications. Its yarn application also includes tea bags, tire cord weft and feminine hygiene. Its footwear and accessories include dress and casual footwear; protective footwear; sports footwear; fashion accessories, and luggage and travel goods. Its apparel includes menswear, ladies wear, children swear, denim, leatherwear and work wear. It is engaged in textile crafts business in the Americas. It offers knitting yarns, crochet yarns, sewing threads, embroidery threads, and patchwork and quilting.