Coats Group stock gains 2.90 percent after board update

Published on 09/28/2026 at 16:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Coats Group stock traded at GBp 83.50 on September 28, 2026, while Deutsche Bank set a GBp 110.00 target. Fiscal 2025 revenue rose to GBP 1.5 billion.

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Coats Group stock (ISIN GB0002335270) was trading at GBp 83.50 on the London Stock Exchange on September 28, 2026 at 3:01 p.m. BST, up 2.90 percent from the prior close. The move followed a board update that sets December 31, 2026 as the departure date for Non-Executive Director Srinivas Phatak, according to Reuters on September 28, 2026.

Board changes set dates

Wu Gang will join the Audit and Risk Committee on January 1, 2027, while Group CEO David Paja becomes chair of the Sustainability Committee with immediate effect. The announcement gives investors two concrete governance dates, but it does not change the company's operating segments of Apparel, Footwear and Performance Materials.

The board news comes as the stock trades 15.31 percent below its 52-week high of GBp 98.60 and 43.35 percent above its 52-week low of GBp 58.25, using the same September 28 market snapshot. Intraday activity reached GBp 83.60 at the high and GBp 81.25 at the low, with 663,106 shares traded.

Revenue and profit provide support

Coats reported GBP 1.4649 billion of revenue for fiscal year 2025, compared with GBP 1.4330 billion in 2024, according to Reuters. That represents growth of 2.23 percent, while net income increased from GBP 80.6 million to GBP 103.4 million, a 28.23 percent gain.

The cash profile also strengthened in the reported year. Operating cash flow reached GBP 224.7 million in fiscal year 2025, compared with GBP 95.8 million in 2024, although total debt stood at GBP 1.1396 billion at the end of 2025, according to Reuters.

Target remains above the market

Deutsche Bank reaffirmed its Buy rating and set a GBp 110.00 price target on September 25, 2026, as reported by The Globe and Mail. The target lies 31.74 percent above the September 28 price, making the gap between market valuation and broker assessment the clearest numerical point for investors.

Coats Group stock trades at GBp 83.50

Coats Group stock was last at GBp 83.50 on the London Stock Exchange on September 28, 2026 at 3:01 p.m. BST, with a 2.90 percent session gain and a 52-week range of GBp 58.25 to GBp 98.60.