ConvaTec Group PLC (LON:CTEC - Get Free Report)'s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 228.45 ($2.96) and traded as low as GBX 211.80 ($2.75). ConvaTec Group shares last traded at GBX 213.40 ($2.77), with a volume of 6,968,435 shares traded.
Analysts Set New Price Targets
A number of research analysts have issued reports on CTEC shares. Royal Bank of Canada reduced their target price on shares of ConvaTec Group from GBX 320 ($4.15) to GBX 305 ($3.96) and set an "outperform" rating on the stock in a report on Wednesday, July 31st. JPMorgan Chase & Co. decreased their target price on shares of ConvaTec Group from GBX 323 ($4.19) to GBX 290 ($3.76) and set an "overweight" rating on the stock in a research report on Wednesday, July 31st. Finally, Berenberg Bank reissued a "buy" rating and set a GBX 310 ($4.02) price target on shares of ConvaTec Group in a research note on Tuesday, August 6th.
Read Our Latest Research Report on CTEC
ConvaTec Group Stock Performance
The company has a debt-to-equity ratio of 85.32, a current ratio of 2.26 and a quick ratio of 0.96. The stock has a 50-day moving average price of GBX 228.02 and a 200-day moving average price of GBX 241.72. The firm has a market capitalization of £4.41 billion, a PE ratio of 3,596.67, a price-to-earnings-growth ratio of 0.93 and a beta of 0.64.
ConvaTec Group Company Profile
(
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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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