ConvaTec Group (CNVVY) Stock Forecast & Price Target

$12.19

-0.03 (-0.27%)

(As of 09/18/2024 ET)

ConvaTec Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Strong Buy
Based on 3 Analyst Ratings

Based on 3 Wall Street analysts who have issued ratings for ConvaTec Group in the last 12 months, the stock has a consensus rating of "Strong Buy." Out of the 3 analysts, 3 have given a strong buy rating for CNVVY.

Consensus Price Target

N/A

According to the 3 analysts' twelve-month price targets for ConvaTec Group,

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Strong Buy	Strong Buy	Moderate Buy	Moderate Buy
Strong Buy	3 Strong Buy rating(s)	3 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)	7 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A

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CNVVY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CNVVY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

ConvaTec Group Stock vs. The Competition

Type	ConvaTec Group	Medical Companies	S&P 500
Consensus Rating Score	4.00	2.77	2.50
Consensus Rating	Strong Buy	Moderate Buy	Moderate Buy
Predicted Upside		1,007.90% Upside	7.93% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target
8/6/2024	Berenberg Bank 2 of 5 stars	S. England Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/31/2024	Barclays 3 of 5 stars	H. Al-Wakeel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
6/26/2024	UBS Group 4 of 5 stars	G. Doyle Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/7/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform
9/5/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
8/9/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 250 ➝ GBX 260
Get the Latest News and Ratings for CNVVY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for ConvaTec Group and its competitors with MarketBeat's FREE daily newsletter.
8/7/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
8/3/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 290 ➝ GBX 320
7/7/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce ➝ Hold
5/23/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 220 ➝ GBX 225
3/7/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform
11/22/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
11/18/2022	Liberum Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:24 PM ET.

CNVVY Forecast - Frequently Asked Questions

Should I buy or sell ConvaTec Group stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ConvaTec Group in the last twelve months. There are currently 3 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "strong buy" CNVVY shares.
Has ConvaTec Group been upgraded by Wall Street analysts recently?: Over the previous 90 days, ConvaTec Group's stock had 3 upgrades by analysts.
What analysts cover ConvaTec Group?: ConvaTec Group has been rated by research analysts at Barclays, Berenberg Bank, and UBS Group in the past 90 days.
Do Wall Street analysts like ConvaTec Group more than its competitors?: Analysts like ConvaTec Group more than other "medical" companies. The consensus rating for ConvaTec Group is Strong Buy while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how CNVVY compares to other companies.