LONDON (ShareCast) - (Sharecast News) - Analysts at RBC reiterated their 'outperform' stance for shares of Coats Group on the back of their call with the company's finance director and head of investor relations.
"The overall messaging was positive highlighting a strong medium-term growth outlook and margin progression," they said in a research note sent to clients.

"This is very much in line with our recent note highlighting that a more stable backdrop can support an accelerated sales growth outlook and with margin expansion this can drive an EPS CAGR over 10% per annum."

They also noted that the shares were only changing hands on 10 times the thread and structural components manufacturer for fashion's estimated 2023 profits.

Its underlying free cash flow meanwhile was pegged at 8-10%.

The analysts also kept their 110.0p target price for the shares.

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE