ConvaTec Group (CTEC) Receives Hold Rating from Numis Securities
ConvaTec Group (LON:CTEC)‘s stock had its “hold” rating reissued by stock analysts at Numis Securities in a report issued on Thursday. They presently have a GBX 180 ($2.49) price objective on the stock. Numis Securities’ price objective indicates a potential downside of 12.32% from the company’s previous close.
CTEC has been the subject of a number of other reports. Peel Hunt reissued a “hold” rating and issued a GBX 250 ($3.45) price target on shares of ConvaTec Group in a research report on Thursday, February 1st. Deutsche Bank reissued a “sell” rating and issued a GBX 180 ($2.49) price target on shares of ConvaTec Group in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 245.78 ($3.40).
Shares of ConvaTec Group (LON CTEC) opened at GBX 205.30 ($2.84) on Thursday. ConvaTec Group has a 1 year low of GBX 181.40 ($2.51) and a 1 year high of GBX 349.10 ($4.82). The firm has a market cap of $3,770.00 and a price-to-earnings ratio of -1,866.36.
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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.
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