Peel Hunt Reaffirms “Hold” Rating for ConvaTec Group (CTEC)

Peel Hunt restated their hold rating on shares of ConvaTec Group (LON:CTEC) in a report issued on Thursday morning. They currently have a GBX 250 ($3.45) price target on the stock.

Other analysts have also recently issued reports about the company. Numis Securities restated a hold rating and set a GBX 180 ($2.49) price target on shares of ConvaTec Group in a report on Thursday. Deutsche Bank restated a sell rating and set a GBX 180 ($2.49) price target on shares of ConvaTec Group in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 244.67 ($3.38).

Shares of ConvaTec Group (LON:CTEC) opened at GBX 215.30 ($2.97) on Thursday. The firm has a market capitalization of $4,200.00 and a PE ratio of 3,588.33. ConvaTec Group has a twelve month low of GBX 181.40 ($2.51) and a twelve month high of GBX 349.10 ($4.82).

In related news, insider Ros Rivaz bought 4,908 shares of ConvaTec Group stock in a transaction that occurred on Monday, December 4th. The shares were acquired at an average cost of GBX 202 ($2.79) per share, for a total transaction of £9,914.16 ($13,697.37).

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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.

Analyst Recommendations for ConvaTec Group (LON:CTEC)

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