ConvaTec Group’s (CTEC) “Buy” Rating Reaffirmed at Peel Hunt

Peel Hunt reiterated their buy rating on shares of ConvaTec Group (LON:CTEC) in a report published on Thursday morning, ThisIsMoney.Co.Uk reports.

Several other brokerages have also issued reports on CTEC. Deutsche Bank lowered shares of Cogent Communications from a buy rating to a hold rating in a research note on Thursday, May 2nd. Jefferies Financial Group lifted their price objective on shares of Monster Beverage from $65.00 to $70.00 and gave the company a buy rating in a research report on Friday, May 3rd. Numis Securities reissued a buy rating and issued a GBX 200 ($2.61) price objective on shares of ConvaTec Group in a research report on Friday, May 3rd. Barclays set a $24.00 price objective on shares of Tenet Healthcare and gave the company a hold rating in a research report on Wednesday, April 17th. Finally, Citigroup decreased their price objective on shares of Western Digital from $63.00 to $59.00 and set a buy rating for the company in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 153.60 ($2.01).

Shares of CTEC stock opened at GBX 145 ($1.89) on Thursday. The company has a quick ratio of 1.72, a current ratio of 2.73 and a debt-to-equity ratio of 101.69. ConvaTec Group has a 1 year low of GBX 113.25 ($1.48) and a 1 year high of GBX 240.50 ($3.14). The company has a fifty day simple moving average of GBX 143.04. The firm has a market cap of $2.87 billion and a price-to-earnings ratio of 13.18.

About ConvaTec Group

ConvaTec Group Plc develops, manufactures, and markets medical products and technologies worldwide. It offers advanced wound dressings and skin care products for the management of chronic wounds resulting from various conditions, such as diabetes, immobility, and venous disease, as well as for traumatic injury, burns, invasive surgery, and other causes.

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Analyst Recommendations for ConvaTec Group (LON:CTEC)

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