Coats Group (COA)

Sector:

Financials

Index:

FTSE 250

86.40p
   
  • Change Today:
      0.20p
  • 52 Week High: 87.30
  • 52 Week Low: 64.10
  • Currency: UK Pounds
  • Shares Issued: 1,597.81m
  • Volume: 2,651,804
  • Market Cap: £1,380.51m
  • RiskGrade: 39

Coats Group to sell European Zips business for $1m

By Michele Maatouk

Date: Tuesday 04 Jul 2023

LONDON (ShareCast) - (Sharecast News) - Industrial thread maker Coats Group said on Tuesday that it has agreed to sell its European Zips business to Aequita, a German family office, for $1m.
Coats said an exit from European zips is in line with its strategic initiatives, announced in March 2022, "to optimise the company's portfolio and footprint, and improve the overall cost base efficiency".

In the year to the end of December 2022, the European zips business generated revenues of around $50m at operating margins well below the group average.

The deal is expected to complete in the third quarter of this year.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Coats Group Market Data

Currency UK Pounds
Share Price 86.40p
Change Today 0.20p
% Change 0.23 %
52 Week High 87.30
52 Week Low 64.10
Volume 2,651,804
Shares Issued 1,597.81m
Market Cap £1,380.51m
RiskGrade 39

Coats Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.39% below the market average74.39% below the market average74.39% below the market average74.39% below the market average74.39% below the market average
85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average85.19% below the sector average
Price Trend
73.06% above the market average73.06% above the market average73.06% above the market average73.06% above the market average73.06% above the market average
63.79% above the sector average63.79% above the sector average63.79% above the sector average63.79% above the sector average63.79% above the sector average
Income
9.96% below the market average9.96% below the market average9.96% below the market average9.96% below the market average9.96% below the market average
72.31% below the sector average72.31% below the sector average72.31% below the sector average72.31% below the sector average72.31% below the sector average
Growth
43.79% below the market average43.79% below the market average43.79% below the market average43.79% below the market average43.79% below the market average
8.26% below the sector average8.26% below the sector average8.26% below the sector average8.26% below the sector average8.26% below the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Coats Group Dividends

  Latest Previous
  Final Interim
Ex-Div 02-May-24 19-Oct-23
Paid 30-May-24 15-Nov-23
Amount 1.99¢ 0.81¢

Trades for 15-May-2024

Time Volume / Share Price
16:35 34,300 @ 86.40p
16:35 657,076 @ 86.40p
16:35 6,137 @ 86.40p
16:35 2,465 @ 86.40p
16:35 1,185 @ 86.40p

Coats Group Key Personnel

Chair David Gosnell
CFO Jackie Callaway

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