Berenberg Bank reissued their buy rating on shares of ConvaTec Group (LON:CTEC – Free Report) in a report published on Tuesday, Marketbeat.com reports. Berenberg Bank currently has a GBX 310 ($3.96) price objective on the stock.
Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of ConvaTec Group from GBX 323 ($4.13) to GBX 290 ($3.71) and set an overweight rating for the company in a report on Wednesday, July 31st. Royal Bank of Canada cut their target price on ConvaTec Group from GBX 320 ($4.09) to GBX 305 ($3.90) and set an outperform rating on the stock in a research note on Wednesday, July 31st. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, ConvaTec Group currently has an average rating of Buy and a consensus price target of GBX 302.50 ($3.87).
View Our Latest Analysis on ConvaTec Group
ConvaTec Group Trading Up 0.1 %
ConvaTec Group Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, August 22nd will be given a $0.02 dividend. This represents a dividend yield of 0.56%. The ex-dividend date is Thursday, August 22nd. ConvaTec Group’s payout ratio is currently 8,333.33%.
ConvaTec Group Company Profile
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.
Featured Stories
- Five stocks we like better than ConvaTec Group
- How to Invest in Insurance Companies: A Guide
- Owens-Corning Stock: Good Value or Recession Red Flag?
- The Role Economic Reports Play in a Successful Investment Strategy
- Datadog Exceeds Q2 Expectations, Solidifies Market Leadership
- What Does a Stock Split Mean?
- Cybersecurity Stock Surges, Promising Double-Digit Gains
Receive News & Ratings for ConvaTec Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConvaTec Group and related companies with MarketBeat.com's FREE daily email newsletter.