Coats Group PLC 29.2% potential upside indicated by Berenberg Bank

Coats Group PLC with ticker (LON:COA) now has a potential upside of 29.2% according to Berenberg Bank.



Berenberg Bank set a target price of 100 GBX for the company, which when compared to the Coats Group PLC share price of 77 GBX at opening today (17/08/2023) indicates a potential upside of 29.2%. Trading has ranged between 50 (52 week low) and 81 (52 week high) with an average of 1,943,103 shares exchanging hands daily. The market capitalisation at the time of writing is £1,236,073,850.

Coats Group plc is a United Kingdom-based industrial thread company. The Company’s segment includes Apparel, Footwear and Performance Materials. The Company provides complementary and value-adding products, services and software solutions to the apparel and footwear industries. It also applies techniques to develop performance materials threads, yarns, fabrics and composites in areas, such as transportation, telecoms and energy, and personal protection. It also has a range of sewing threads, yarns, zips and trims. Its brands include Epic, Dual Duty, Nylbond, Admiral, Aptan, Aquamelt, Astra, Atlantis, Brio, Corus, Dabond, Dolanit, Dymax, EcoRegen, Eloflex, Firefly, Glasmo, CoatsKnit, FlamePro, Gotex, Opti LUX, Opti P, Coats Connect, Coats Permess, Coats Signal and others. Its subsidiaries include Arrow HJC, B. M. Estates Limited, Coats Limited, Contractors’ Aggregates Limited, GPG (UK) Holdings Limited, GPG March 2004 Limited and S G Warburg Group Limited.