Peel Hunt Reiterates Buy Rating for ConvaTec Group (LON:CTEC)
ConvaTec Group (LON:CTEC)‘s stock had its “buy” rating restated by research analysts at Peel Hunt in a note issued to investors on Monday, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts also recently weighed in on CTEC. Numis Securities reissued a “buy” rating and issued a GBX 200 ($2.61) price target on shares of ConvaTec Group in a report on Friday, May 3rd. Deutsche Bank reissued a “sell” rating on shares of ConvaTec Group in a report on Friday, July 12th. Citigroup initiated coverage on shares of ConvaTec Group in a report on Tuesday, April 30th. They issued a “neutral” rating and a GBX 138 ($1.80) price target for the company. UBS Group upped their price target on shares of ConvaTec Group from GBX 129 ($1.69) to GBX 185 ($2.42) and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 145 ($1.89) price target on shares of ConvaTec Group in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of GBX 169.30 ($2.21).
Shares of LON CTEC opened at GBX 180.45 ($2.36) on Monday. ConvaTec Group has a twelve month low of GBX 113.25 ($1.48) and a twelve month high of GBX 240.50 ($3.14). The company has a current ratio of 2.37, a quick ratio of 1.58 and a debt-to-equity ratio of 104.76. The company has a market capitalization of $3.57 billion and a price-to-earnings ratio of 22.56. The firm has a 50-day moving average of GBX 161.98 and a two-hundred day moving average of GBX 144.35.
ConvaTec Group Plc develops, manufactures, and markets medical products and technologies worldwide. It offers advanced wound dressings and skin care products for the management of chronic wounds resulting from various conditions, such as diabetes, immobility, and venous disease, as well as for traumatic injury, burns, invasive surgery, and other causes.
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