ConvaTec Group PLC (LON:CTEC) Given Consensus Recommendation of “Moderate Buy” by Analysts

ConvaTec Group PLC (LON:CTEC) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 306.

Several brokerages have recently issued reports on CTEC. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 300 price target on shares of ConvaTec Group in a research report on Monday, June 8th. UBS Group reissued a “buy” rating and set a GBX 375 price objective on shares of ConvaTec Group in a research report on Monday, May 18th. Citigroup dropped their price target on ConvaTec Group from GBX 250 to GBX 230 and set a “neutral” rating on the stock in a research report on Monday, May 18th. JPMorgan Chase & Co. cut their price target on ConvaTec Group from GBX 307 to GBX 294 and set an “overweight” rating for the company in a report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 315 price objective on shares of ConvaTec Group in a research report on Wednesday, April 8th.

Insider Activity at ConvaTec Group

In other news, insider Jonny Mason acquired 50,000 shares of ConvaTec Group stock in a transaction on Tuesday, May 26th. The stock was bought at an average price of GBX 201 per share, for a total transaction of £100,500. Corporate insiders own 0.98% of the company’s stock.

ConvaTec Group Stock Down 2.0%

ConvaTec Group stock opened at GBX 210.54 on Wednesday. The firm has a market cap of £4.11 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 0.93 and a beta of 0.76. The company has a debt-to-equity ratio of 99.96, a current ratio of 1.53 and a quick ratio of 0.96. ConvaTec Group has a fifty-two week low of GBX 193 and a fifty-two week high of GBX 259.30. The firm has a fifty day moving average price of GBX 207.72 and a two-hundred day moving average price of GBX 223.36.

ConvaTec Group Company Profile

ConvaTec Group PLC engages in the development, manufacturing, and sale of medical products, services, and technologies in Europe, North America, and internationally. The company offers advanced wound dressings and skin care products for the management of acute and chronic wounds resulting from various conditions, such as diabetes, and acute conditions resulting from traumatic injury and burns. It also provides ostomy care solutions, including devices, accessories, and services for people with a stoma resulting from colorectal cancer, inflammatory bowel disease, and bladder cancer.