Investment Analysts’ Recent Ratings Changes for ConvaTec Group (CTEC)

A number of firms have modified their ratings and price targets on shares of ConvaTec Group (LON: CTEC) recently:

  • 8/19/2019 – ConvaTec Group had its “buy” rating reaffirmed by analysts at Peel Hunt.
  • 8/12/2019 – ConvaTec Group had its price target raised by analysts at Peel Hunt from GBX 230 ($3.01) to GBX 280 ($3.66). They now have a “buy” rating on the stock.
  • 8/6/2019 – ConvaTec Group had its price target raised by analysts at UBS Group AG from GBX 129 ($1.69) to GBX 185 ($2.42). They now have a “neutral” rating on the stock.
  • 8/5/2019 – ConvaTec Group had its price target raised by analysts at JPMorgan Chase & Co. from GBX 132 ($1.72) to GBX 174 ($2.27). They now have a “neutral” rating on the stock.
  • 7/29/2019 – ConvaTec Group had its price target raised by analysts at UBS Group AG from GBX 120 ($1.57) to GBX 129 ($1.69). They now have a “neutral” rating on the stock.
  • 7/29/2019 – ConvaTec Group had its “buy” rating reaffirmed by analysts at Peel Hunt.
  • 7/22/2019 – ConvaTec Group had its “buy” rating reaffirmed by analysts at Peel Hunt.
  • 7/12/2019 – ConvaTec Group had its “sell” rating reaffirmed by analysts at Deutsche Bank AG.
  • 7/11/2019 – ConvaTec Group had its “buy” rating reaffirmed by analysts at Peel Hunt.
  • 7/3/2019 – ConvaTec Group had its “buy” rating reaffirmed by analysts at Peel Hunt.

Shares of CTEC traded down GBX 1.75 ($0.02) during midday trading on Thursday, reaching GBX 176.90 ($2.31). The stock had a trading volume of 2,295,155 shares, compared to its average volume of 5,440,000. The company has a market capitalization of $3.50 billion and a price-to-earnings ratio of 22.11. ConvaTec Group PLC has a 12-month low of GBX 113.25 ($1.48) and a 12-month high of GBX 240.50 ($3.14). The company’s 50-day moving average is GBX 162.65 and its 200 day moving average is GBX 144.53. The company has a current ratio of 2.37, a quick ratio of 1.58 and a debt-to-equity ratio of 104.76.

The firm also recently declared a dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 5th will be issued a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date is Thursday, September 5th. This represents a yield of 0.78%. ConvaTec Group’s dividend payout ratio is presently 0.50%.

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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