Coats Group stock gets a Norges Bank stake increase

Published on 10/05/2026 at 21:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Coats Group stock was last at GBp 80.80 on October 5, 2026, as Norges Bank raised its voting stake to 4.005390 percent. Fiscal 2025 revenue reached GBP 1,464.9 million.

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Coats Group (ISIN GB00B4YZN328) was last at GBp 80.80 on the London Stock Exchange on October 5, 2026, with a daily gain of 0.44 percent. The fresh ownership signal came from Norges Bank, which crossed 4 percent of Coats Group voting rights on September 30, 2026, according to Investegate.

Norges Bank crosses 4 percent

The notification lists 76,798,315 voting rights, equal to 4.005390 percent of the company. The previous notification showed 3.007270 percent, making the change a measurable increase in Norges Bank's disclosed position rather than a routine ownership update.

The issuer received the notification on October 1, 2026, while the announcement was dated October 2, 2026. For Coats Group, the relevance is strategic: a large institutional holder now has a disclosed position above the 4 percent threshold, adding an ownership dimension to the stock story.

Revenue and profit provide the backdrop

Coats Group reported fiscal year 2025 revenue of GBP 1,464.9 million, up from GBP 1,433.0 million in fiscal year 2024, according to Reuters. That represents a 2.2 percent increase, while net income rose to GBP 103.4 million from GBP 80.6 million, a 28.3 percent gain.

The operating backdrop remains tied to Coats' position in industrial threads, footwear components and performance materials. The company profile identifies manufacturing textiles as its industry and lists 19,000 full-time employees, giving the earnings figures a global operating context.

Analyst target stays above the market

Deutsche Bank analyst Kevin Fogarty reaffirmed a Buy rating and set a GBp 110.00 price target on September 10, 2026, according to The Globe and Mail. The target lies 36.1 percent above GBp 80.80, so the disclosed analyst view remains materially higher than the October 5 market price.

Coats Group stock stays below its yearly high

Coats Group stock was last at GBp 80.80 on October 5, 2026, against a 52-week range of GBp 58.25 to GBp 98.60. Its market capitalization was GBP 1.5 billion and trading volume reached 2,111,081 shares on the same date.