Key Points
- Insider sale: Jonny Mason sold 291,149 ConvaTec (LON:CTEC) shares on March 16 at an average price of GBX 234, generating £681,288.66.
- Analyst sentiment: Eight analysts rate the stock a "Buy" with a consensus target of GBX 319; recent notes include Berenberg boosting its target to GBX 340 and Citi/Stifel at GBX 315.
- Stock and fundamentals: the shares opened at GBX 233.80, trade in a 12‑month range of GBX 209.40–311.20, have 50/200‑day SMAs near GBX 235, market cap £4.56bn, P/E 27.19 and PEG 0.93.
ConvaTec Group PLC (LON:CTEC - Get Free Report) insider Jonny Mason sold 291,149 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of GBX 234, for a total value of £681,288.66.
ConvaTec Group Price Performance
ConvaTec Group stock opened at GBX 233.80 on Wednesday. ConvaTec Group PLC has a 12 month low of GBX 209.40 and a 12 month high of GBX 311.20. The stock has a fifty day simple moving average of GBX 235.34 and a two-hundred day simple moving average of GBX 236.69. 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 firm has a market cap of £4.56 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 0.93 and a beta of 0.76.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on CTEC shares. Berenberg Bank boosted their target price on ConvaTec Group from GBX 330 to GBX 340 and gave the stock a "buy" rating in a research report on Thursday, January 22nd. Citigroup reaffirmed an "outperform" rating and set a GBX 315 price target on shares of ConvaTec Group in a report on Thursday, March 5th. Finally, 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. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat, ConvaTec Group presently has an average rating of "Buy" and a consensus target price of GBX 319.
Check Out Our Latest Research Report on CTEC
ConvaTec Group Company Profile
(
Get Free Report)
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.
Further Reading
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