ConvaTec Group PLC (LON:CTEC) Receives Average Recommendation of “Buy” from Brokerages

ConvaTec Group PLC (LON:CTEC) has been assigned a consensus rating of “Buy” from the nine brokerages that are covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 319.67.

CTEC has been the subject of several research reports. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 315 price target on shares of ConvaTec Group in a research note on Wednesday, March 11th. Jefferies Financial Group reissued a “buy” rating and set a GBX 325 price target on shares of ConvaTec Group in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 315 price target on shares of ConvaTec Group in a research report on Wednesday, April 8th. Berenberg Bank reissued a “buy” rating and set a GBX 340 price target on shares of ConvaTec Group in a research report on Tuesday, April 21st. Finally, Citigroup reissued an “outperform” rating and set a GBX 315 price target on shares of ConvaTec Group in a research report on Thursday, March 5th.

Insider Transactions at ConvaTec Group

In related news, insider Jonny Mason sold 291,149 shares of ConvaTec Group stock in a transaction dated Monday, March 16th. The shares were sold at an average price of GBX 234, for a total transaction of £681,288.66. 0.95% of the stock is currently owned by company insiders.

ConvaTec Group Stock Performance

Shares of CTEC stock opened at GBX 207.92 on Friday. ConvaTec Group has a 12 month low of GBX 206.20 and a 12 month high of GBX 311.20. The stock has a market cap of £4.06 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 0.93 and a beta of 0.78. The company has a current ratio of 1.53, a quick ratio of 0.96 and a debt-to-equity ratio of 106.19. The company’s fifty day moving average price is GBX 229.33 and its 200-day moving average price is GBX 233.48.

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.