Peel Hunt Reiterates Hold Rating for ConvaTec Group (CTEC)

Peel Hunt Reiterates Hold Rating for ConvaTec Group (CTEC)

Peel Hunt reaffirmed their hold rating on shares of ConvaTec Group (LON:CTEC) in a research report report published on Thursday. Peel Hunt currently has a GBX 250 ($3.45) price target on the stock.

A number of other equities analysts have also issued reports on CTEC. Numis Securities upgraded ConvaTec Group to a reduce rating and set a GBX 180 ($2.49) target price for the company in a research note on Wednesday, October 18th. Deutsche Bank restated a sell rating and issued a GBX 180 ($2.49) target price on shares of ConvaTec Group in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 244.67 ($3.38).

ConvaTec Group (LON CTEC) opened at GBX 215.30 ($2.97) on Thursday. The stock has a market capitalization of $4,200.00 and a price-to-earnings ratio of 3,588.33. ConvaTec Group has a 52 week low of GBX 181.40 ($2.51) and a 52 week high of GBX 349.10 ($4.82).

The business also recently disclosed a dividend, which will be paid on Thursday, May 17th. Shareholders of record on Thursday, April 5th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a dividend yield of 1.42%.

In related news, insider Ros Rivaz acquired 4,821 shares of ConvaTec Group stock in a transaction on Wednesday, December 6th. The stock was acquired at an average price of GBX 206 ($2.85) per share, for a total transaction of £9,931.26 ($13,721.00).

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ConvaTec Group Company Profile

ConvaTec Group Plc is a medical product and technology company. The Company focuses on therapies for the management of chronic conditions, including products used for advanced chronic and acute wound care, ostomy care, continence and critical care and infusion devices used in the treatment of diabetes and other conditions.

Analyst Recommendations for ConvaTec Group (LON:CTEC)

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Peel Hunt reaffirmed their hold rating on shares of ConvaTec Group (LON:CTEC) in a research report released on Thursday morning. Peel Hunt currently has a GBX 250 ($3.45) target price on the stock.

A number of other analysts have also recently weighed in on CTEC. Numis Securities reissued a hold rating and issued a GBX 180 ($2.49) price objective on shares of ConvaTec Group in a research report on Thursday. Deutsche Bank reissued a sell rating and issued a GBX 180 ($2.49) price objective on shares of ConvaTec Group in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. ConvaTec Group currently has an average rating of Hold and a consensus target price of GBX 244.67 ($3.38).

Shares of ConvaTec Group (LON CTEC) opened at GBX 215.30 ($2.97) on Thursday. The firm has a market capitalization of $4,200.00 and a price-to-earnings ratio of 3,588.33. ConvaTec Group has a 52-week low of GBX 181.40 ($2.51) and a 52-week high of GBX 349.10 ($4.82).

The firm also recently disclosed a dividend, which will be paid on Thursday, May 17th. Stockholders of record on Thursday, April 5th will be given a $0.04 dividend. The ex-dividend date is Thursday, April 5th. This represents a dividend yield of 1.42%.

In other news, insider Ros Rivaz bought 4,908 shares of ConvaTec Group stock in a transaction that occurred on Monday, December 4th. The stock was bought at an average price of GBX 202 ($2.79) per share, for a total transaction of £9,914.16 ($13,697.37).

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About ConvaTec Group

ConvaTec Group Plc is a medical product and technology company. The Company focuses on therapies for the management of chronic conditions, including products used for advanced chronic and acute wound care, ostomy care, continence and critical care and infusion devices used in the treatment of diabetes and other conditions.

Analyst Recommendations for ConvaTec Group (LON:CTEC)

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