ConvaTec Group PLC (CTEC) Given Consensus Recommendation of “Buy” by Brokerages
Shares of ConvaTec Group PLC (LON:CTEC) have earned an average rating of “Buy” from the ten analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 312.33 ($4.07).
Several equities research analysts have recently weighed in on CTEC shares. HSBC Holdings plc reissued a “buy” rating and set a GBX 330 ($4.30) target price on shares of ConvaTec Group PLC in a research report on Wednesday, April 26th. Peel Hunt raised their target price on ConvaTec Group PLC from GBX 300 ($3.91) to GBX 380 ($4.95) and gave the stock a “buy” rating in a research report on Thursday, May 4th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a GBX 310 ($4.04) target price on shares of ConvaTec Group PLC in a research report on Thursday, May 4th. Morgan Stanley reissued an “equal weight” rating on shares of ConvaTec Group PLC in a research report on Thursday, May 4th. Finally, Numis Securities Ltd reissued a “hold” rating and set a GBX 276 ($3.59) target price on shares of ConvaTec Group PLC in a research report on Thursday, May 4th.
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Shares of ConvaTec Group PLC (LON:CTEC) traded down 2.46% during midday trading on Friday, hitting GBX 285.90. The stock had a trading volume of 5,740,494 shares. The firm has a 50 day moving average price of GBX 307.02 and a 200 day moving average price of GBX 287.01. ConvaTec Group PLC has a one year low of GBX 213.00 and a one year high of GBX 349.10. The stock’s market cap is GBX 5.58 billion.
The company also recently declared a dividend, which will be paid on Friday, October 20th. Investors of record on Thursday, September 7th will be paid a dividend of GBX 1.06 ($0.01) per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a yield of 0.36%.
ConvaTec Group PLC Company Profile
ConvaTec Group Plc is a medical product and technology company. The Company focuses on therapies for the management of chronic conditions, including products used for advanced chronic and acute wound care, ostomy care, continence and critical care and infusion devices used in the treatment of diabetes and other conditions.
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