ConvaTec Group (LON:CTEC - Get Free Report)'s stock had its "buy" rating reissued by Berenberg Bank in a research report issued on Wednesday, Marketbeat Ratings reports. They presently have a GBX 310 ($3.99) target price on the stock. Berenberg Bank's price objective suggests a potential upside of 17.07% from the company's previous close.
ConvaTec Group Stock Performance
Shares of LON CTEC traded down GBX 0.40 ($0.01) during mid-day trading on Wednesday, hitting GBX 264.80 ($3.41). 5,304,210 shares of the company were exchanged, compared to its average volume of 22,744,500. The firm has a market cap of £6.73 billion, a price-to-earnings ratio of 44.59, a price-to-earnings-growth ratio of 0.93 and a beta of 0.64. The company has a quick ratio of 0.96, a current ratio of 2.26 and a debt-to-equity ratio of 85.32. ConvaTec Group has a 1-year low of GBX 211.80 ($2.73) and a 1-year high of GBX 295.20 ($3.80). The stock has a 50 day simple moving average of GBX 240.98 and a 200-day simple moving average of GBX 233.32.
About ConvaTec Group
(
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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.
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