Brokerages Set ConvaTec Group PLC (LON:CTEC) PT at GBX 306

Shares of ConvaTec Group PLC (LON:CTEC) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 306.

Several research analysts have recently commented on CTEC shares. Peel Hunt reissued an “add” rating and set a GBX 270 price objective on shares of ConvaTec Group in a report on Tuesday, August 4th. JPMorgan Chase & Co. dropped their target price on shares of ConvaTec Group from GBX 307 to GBX 294 and set an “overweight” rating for the company in a research report on Friday, May 22nd. UBS Group reiterated a “buy” rating and set a GBX 375 target price on shares of ConvaTec Group in a research report on Monday, May 18th. Citigroup cut their price target on shares of ConvaTec Group from GBX 250 to GBX 230 and set a “neutral” rating for the company in a research note on Monday, May 18th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 300 price target on shares of ConvaTec Group in a report on Wednesday, August 5th.

ConvaTec Group Stock Performance

LON:CTEC opened at GBX 229.60 on Friday. The business’s 50-day moving average price is GBX 216.76 and its two-hundred day moving average price is GBX 221.08. ConvaTec Group has a twelve month low of GBX 193 and a twelve month high of GBX 259.30. The stock has a market cap of £4.49 billion, a P/E ratio of 26.70, a PEG ratio of 0.93 and a beta of 0.77. The company has a quick ratio of 0.96, a current ratio of 1.93 and a debt-to-equity ratio of 121.83.

Insider Buying and Selling at ConvaTec Group

In other news, insider Jonny Mason purchased 50,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were acquired at an average price of GBX 201 per share, for a total transaction of £100,500. Also, insider Tobias Hestler purchased 50,000 shares of the stock in a transaction on Thursday, August 6th. The shares were purchased at an average price of GBX 226 per share, for a total transaction of £113,000. 0.98% of the stock is currently owned by insiders.

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.