Shares of ConvaTec Group PLC (LON:CTEC – Get Free Report) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 276.15 ($3.47) and traded as low as GBX 251.80 ($3.16). ConvaTec Group shares last traded at GBX 258.80 ($3.25), with a volume of 4,770,454 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on CTEC shares. Berenberg Bank boosted their target price on shares of ConvaTec Group from GBX 290 ($3.64) to GBX 310 ($3.89) and gave the company a “buy” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. boosted their price objective on shares of ConvaTec Group from GBX 300 ($3.77) to GBX 323 ($4.06) and gave the company an “overweight” rating in a research report on Thursday, March 7th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of GBX 307.17 ($3.86).
Check Out Our Latest Report on ConvaTec Group
ConvaTec Group Stock Performance
ConvaTec Group Increases Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, April 25th will be issued a dividend of $0.04 per share. This is an increase from ConvaTec Group’s previous dividend of $0.02. The ex-dividend date of this dividend is Thursday, April 25th. This represents a dividend yield of 1.39%. ConvaTec Group’s dividend payout ratio (DPR) is 10,000.00%.
About ConvaTec Group
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.
Read More
- Five stocks we like better than ConvaTec Group
- How to Invest in the FAANG Stocks
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- Health Care Stocks Explained: Why You Might Want to Invest
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
- What is Forex and How Does it Work?
- DraftKings Q1: Strong Customer Acquisition and Product Innovation
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.