ConvaTec Group’s (CTEC) Buy Rating Reaffirmed at UBS Group

UBS Group restated their buy rating on shares of ConvaTec Group (LON:CTEC) in a research report released on Friday morning, MarketBeat reports. They currently have a GBX 375 target price on the stock.

Other equities analysts have also issued research reports about the stock. Berenberg Bank decreased their price objective on shares of ConvaTec Group from GBX 335 to GBX 330 and set a “buy” rating for the company in a research note on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 315 target price on shares of ConvaTec Group in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of ConvaTec Group in a report on Wednesday, July 30th. Peel Hunt reissued a “buy” rating and set a GBX 280 price target on shares of ConvaTec Group in a research report on Tuesday, October 28th. Finally, Royal Bank Of Canada raised ConvaTec Group to an “outperform” rating and reduced their price objective for the stock from GBX 320 to GBX 315 in a research note on Thursday, August 21st. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 320.33.

ConvaTec Group Trading Up 0.9%

Shares of CTEC traded up GBX 2.20 during midday trading on Friday, hitting GBX 235.80. The stock had a trading volume of 4,567,398 shares, compared to its average volume of 14,153,500. The business has a 50-day simple moving average of GBX 238.24 and a two-hundred day simple moving average of GBX 252.85. The firm has a market cap of £4.68 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 0.93 and a beta of 0.64. The company has a current ratio of 2.26, a quick ratio of 0.96 and a debt-to-equity ratio of 85.32. ConvaTec Group has a fifty-two week low of GBX 213.40 and a fifty-two week high of GBX 311.20.

Insider Buying and Selling

In other ConvaTec Group news, insider Jonny Mason acquired 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were purchased at an average price of GBX 235 per share, with a total value of £117,500. Corporate insiders own 0.94% of the company’s stock.

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.